Tag Archives: Wells Fargo Commercial Distribution Finance

By David Gee Wells Fargo Distribution Finance, part of Wells Fargo & Company, recently announced the retirement of marine industry leader Bruce Van Wagoner after 45 years in the industry and 33 years with Distribution Finance (DF). Chad Lyon has been selected to lead DF’s Marine group, and we had the chance to chat over Zoom just before this magazine ...

The NMMA Foundation for Recreational Boating Safety, Education and Environmental Awareness announced that Bruce Van Wagoner, who recently announced his retirement as President-Marine Group of Wells Fargo, is the recipient of the 2021 Hammond Marine Industry Leadership Award. The award recognizes his extraordinary service, commitment and dedication to the long-term health of the recreational boating industry. Bruce will be honored ...

Wells Fargo Distribution Finance, part of Wells Fargo & Company, today announced the retirement of marine industry leader Bruce Van Wagoner after 45 years in the industry and 33 years with Distribution Finance (DF). Effective immediately, Chad Lyon will lead DF’s Marine group. “Above all, what I’m most proud of is the long-term customer relationships we’ve built which have strengthened ...

By Bruce Van Wagoner Catering to the Millennial Generation The millennial generation is often the subject of speculation as people constantly weigh in on how their actions and reactions will shape history. After all, the millennial population is 85 million strong in the U.S. – the largest in the nation’s history. Naturally, the boating industry is not immune to this ...

By David Gee Bruce Van Wagoner is President of the marine group for Wells Fargo CDF, and I recently had the chance to speak with him about the state of the recreational boating industry from his perspective. David: About half of the dealers we surveyed for the Boating Industry Market Data Book experienced an increase in revenue and profits YoY ...

Leveraging its successful and longstanding relationship with Wells Fargo Commercial Distribution Finance, Brunswick Corp. recently announced that it has entered into an agreement, naming CDF as the preferred provider of floorplan financing for all Brunswick boats and Mercury Marine engines sold to marine dealers in Canada under the private brand, Brunswick Commercial Finance, effective Dec. 1, 2018. Under the new ...

Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company announced that it has expanded the financing facility for OneWater Marine Holdings, LLC to provide for borrowings of up to $200 million.  This facility, along with supporting OneWater’s organic growth, helped to facilitate the recently announced acquisition of South Shore Marine in Huron, Ohio. Borrowings under the facility are ...

Wells Fargo Commercial Distribution Finance, part of Wells Fargo & Company, has extended its strategic floorplan financing agreement with the Independent Boat Builders, Inc., a boat manufacturer buying group in the U.S. and Canada. The program covers 19 member manufacturers that sell 36 brands. Based in West Frankfort, Ill., IBBI is the largest cooperative buying group in the U.S. and ...