French sail and motor boat builder Beneteau has teamed up with LH-Finance in the US to provide private-labelled wholesale and retail financing solutions to its North American clients.
The solutions were designed by LH-Finance, the marine division of the United Bank of Glastonbury, Connecticut, and will be private-labelled as Groupe Beneteau Financial Services.
“We are delighted to offer branded innovative, competitive and exclusive financing solutions to both our dealer network and our customers, says George Armendariz, CEO of Groupe Beneteau Americas. “Providing access to dedicated financing solutions opens up many opportunities to support our fast-paced growth.”
Hervé Bonnet, president and CEO of LH-Finance, says the company is honoured to continue its partnership with Groupe Beneteau. “Our primary goal is to provide through this new venture, the best experience to their customers by tailoring our financing solutions to better meet their needs,” he says.
Groupe Beneteau, through its Boat division’s 10 brands, offers over 200 recreational boat models – from sailing to motorboating, monohulls and catamarans. Earlier this month, the company said it expected to outpace the industry's upturn with revenue gains of between 5.5% and 7.5% for the 2017/18 fiscal year.