GE Capital, Commercial Distribution Finance (CDF) has expanded its inventory financing program with Bass Pro Shops and Tracker Marine to include the distribution network of Fishing Holdings, LLC. Bass Pro Shops recently acquired Fishing Holdings, a manufacturer of fiberglass and aluminum fishing boats that includes the Ranger, Stratos and Triton brands.
Fishing Holdings will remain an independent company under the Bass Pro group of companies. Bass Pro Shops, which also owns boat manufacturer Tracker Marine, has been a CDF customer for more than 25 years, and CDF has worked with Fishing Holdings since 1982.
The GE Capital agreement will run through 2018.
“Our company has a very long relationship with CDF. Their expertise and commitment in the area of dealer floorplan financing has been and continues to be a tremendous benefit,” said Randy Hopper, president of Fishing Holdings. “As a part of the Bass Pro group of companies, we expect the CDF relationship to yield even more synergies that will bring value to our dealer network.”
“I anticipate that exceptional benefits will be derived by Bass Pro Shops as they leverage their position of leadership in the marine marketplace,” said Bruce Van Wagoner, president of CDF’s marine group. “Bass Pro Shops, along with the dealer networks of Tracker Marine and Fishing Holdings, have a long track record of success in the fish boat market, and our team is ready to help the companies make the most of their new relationship.”