MRO Magazine

GE Capital, Commercial Distribution Finance Extends Inventory Financing Agreement with Excel Industries


July 16, 2015
By Business Wire News

CHICAGO

GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing agreement with lawnmower manufacturer Excel Industries. CDF has worked with Excel since 1988.

Headquartered in Hesston, KS, Excel manufacturers a variety of turf care products under the Hustler and BigDog brands. The products are sold through independent dealers across the United States.

“CDF has been much more than a source of financing over the last 27 years,” said Bob Mullet, vice president of Excel Industries. “CDF’s online inventory management system, data and analytics are invaluable to us and to our dealers, and we are pleased to continue our relationship for years to come.”

“We have long supported Excel and its dealers, and we appreciate their confidence in us to help them with their future growth,” said Mike Horak, president of the outdoor products group at CDF. “We will continue to ensure that new dealers are set up quickly and that the entire network has the financing and insights they need to be successful.”

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided $36 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2014. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. For more information, visit gecdf.com or follow company news via Twitter (GEInventoryFin).

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

GE Capital
Tara Lambropoulos, 312-441-7854
tara.lambropoulos@ge.com