CHICAGO, December 1, 2016 – Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company (NYSE: WFC) announced today it has extended its dealer financing program with Triumph Motorcylces Ltd., the iconic British motorcycle manufacturer. The program will serve the manufacturer’s network of North American-based dealers with inventory financing.
“We are excited to extend our relationship with Wells Fargo CDF,” said Matt Sheahan, chief operating officer at Triumph North America. “Their ability to provide working capital, market analytics, and financial solutions to our dealers has been and will continue to be a critical component in our dealers’ growth.”
Triumph has been operating since 1902 and is the oldest continually produced motorcycle brand. The company is committed to developing truly unique motorcycles that are distinctive in look, design, and performance. Headquartered in England and with North American operations based in Atlanta, the extension is an opportunity to advance the health and profitability of Triumph’s business and dealer network.
“Triumph and Wells Fargo CDF have a long-standing, global financing relationship,” said Jeremy Jansen, motorsports group president at Wells Fargo CDF. “We are excited for what’s to come between the two companies and we are committed to delivering world-class service to their dealer community.”
About Wells Fargo Commercial Distribution Finance
Commercial Distribution Finance (CDF) provided $47 billion in financing for more than 40,000 dealers and more than 2,000 distributors and manufacturers globally in 2015. CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and commitment. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, and related financial products. On March 1, 2016, Wells Fargo acquired the North American business of CDF from GE Capital. The sale of the global business was completed as part of a phased approach on October 1, 2016. For more information, visit wellsfargo.com/cdf or follow company news via Twitter @WellsFargoCDF.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
About Triumph Motorcycles, Ltd.
Triumph Motorcycles is the British premium, lifestyle motorcycle brand, which produces a wide range of distinctive, cool, and authentic Modern Classic, Adventure, Sport, Cruiser and Touring motorcycles. Also the oldest continually produced motorcycle brand, the first Triumph was manufactured in 1902. The company’s global headquarters are located in Hinckley, Leicestershire, England, solely owned by Bloor Holdings Ltd. Triumph Motorcycles America Ltd., its North American subsidiary, is based in Atlanta, , and is home to the motorcycle industry’s first 24/7 Customer Support team. To see the full range of Triumph motorcycles, visit www.TriumphMotorcycles.com.