GE Commercial Finance, the business-to-business financial services unit of the General Electric Co., has completed its previously announced $2.3 billion acquisition of Bombardier Capital’s Inventory Finance Division (BCIFD).
BCIFD, which was part of the financing division of Montreal, Canada-based Bombardier Inc., is headquartered in Colchester, Vt., and has relationships with more than 4,500 dealers and more than 500 manufacturers. 
According to a press release, the division is comprised of four main business units that provide financing for a variety of products, including recreational vehicle, powersports, marine and manufactured housing.
“This acquisition presents an exciting opportunity for us to further enhance our offering to help our customers grow their business,” said Dan Henson, president and CEO of GE Commercial Finance, Vendor Financial Services.
The BCIFD finance business will be folded into Stamford, Conn.-based GE Commercial Finance’s vendor finance unit in Stamford, Conn.