Commercial Distribution Finance (“CDF”), a business of GE Capital, announced that Arctic Cat Inc. (NASDAQ: ACAT), a leading manufacturer of recreational products, has chosen CDF as an exclusive provider for dealer inventory financing across North America. The financing will consolidate all of ACAT’s North American dealers onto one technology platform and provide them leading edge tools to help manage their businesses.
Chris Eperjesy, CFO at Arctic Cat, said, “We’re consolidating our North American dealer-inventory financing under CDF because of their expertise in our industry and their leading technology solutions.”
Headquartered in Minnesota, Arctic Cat has been manufacturing snowmobiles, all-terrain vehicles (ATVs) and side-by-sides since 1960 and has had a long-standing relationship with CDF in the U.S. The new, exclusive dealer financing agreement extends the U.S. relationship and establishes a new financing relationship covering Canada.
“We are excited and honored that Arctic Cat has chosen to bring its entire North American dealer network onto the CDF platform,” said Jeremy Jansen, president of CDF’s motorsports group.
“We look forward to delivering a best-in-class financing experience for Arctic Cat’s Canadian dealers,” said Howard Shiebler, president of CDF Canada.