Outdoor Power Equipment

September 2016

Proudly serving the industry for which it was named for more than 50 years, Outdoor Power Equipment provides dealers who sell and service outdoor power equipment with valuable information to succeed in a competitive market.

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FINANCIAL NEWS 16 SEPTEMBER 2016 OUTDOOR POWER EQUIPMENT www.outdoorpowerequipment.com Northpoint Commercial Finance expands field sales organization US INDEXES OF INTEREST Index Price Price Percent 52-week 52-week Index Ticker 07/25/16 06/25/16 Change High Low Dow Jones Industrial Average DJII 18,493.06 17,400.75 6.3% 18,622.01 15,370.33 S&P 500 SPX 2,168.48 2,037.41 6.4% 2,175.63 1,810.10 Outdoor Power Equipment INDEX COMPONENTS Stock Price Price Percent Annual Annual Company Ticker 07/25/16 06/25/16 Change High Low Briggs & Stratton Corporation BGG $22.36 $19.97 12.0% $24.48 $15.47 Caterpillar CAT $78.69 $73.03 7.8% $81.38 $56.36 Deere & Company DE $77.92 $81.72 -4.7% $97.49 $70.16 Douglas Dynamics, Inc. PLOW $26.11 $24.81 5.2% $26.46 $16.89 Honda Motor Co. Ltd. HMC $26.89 $25.27 6.4% $35.99 $24.03 Polaris Industries PII $96.99 $80.45 20.6% $143.89 $67.80 Terex TEX $22.47 $20.84 7.8% $27.11 $13.62 Textron, Inc. TXT $39.15 $35.91 9.0% $44.45 $30.68 The Toro Company TTC $91.56 $85.36 7.3% $92.07 $64.71 Source: FactSet, Wells Fargo Securities, LLC Northpoint Commercial Finance, an Alpharetta, Ga.-based diversifi ed fi nance company that provides fl exible inventory lend- ing and fl oor plan fi nancing solutions, announced the expan- sion of its fi eld sales organization with the additions of Richard Derbonne and Greg Nash as directors of business development. With a highly successful background in fl oor plan fi nancing, Derbonne will lead development efforts in Texas and Oklahoma. He joins the Northpoint team from GE Franchise Finance with more than 20 years of experience in fi nancial services. Previously, Derbonne held senior sales and management positions with such companies as Transamerica, Bombardier, First Horizon National and GE Commercial Distribution Finance. Based in North Carolina, Nash will lead development efforts in the eastern states of North Carolina, Virginia, West Virginia, Maryland and Delaware. He brings more than 25 years of fl oor plan fi nancing experience with companies such as ITT, Deutsche Financial Services, Textron Financial, and most recently, NextGear Capital. Nash's strong track record and experience includes a heavy emphasis on business development and growing dealer relationships. Greg DeCastro, the director of business development who previously covered Texas and Oklahoma, has relocated to South Carolina and will cover that state, along with Georgia and eastern Tennessee. Wells Fargo completes acquisition of GE Capital's CDF business in Australia and New Zealand Wells Fargo announced August 1 that it completed the purchase of the Australian and New Zealand segments of GE Capital's Commercial Distribution Finance (CDF) business. The acquisition includes CDF assets, as well as 123 team members across fi ve sites in Australia, along with CDF assets and seven team members across two sites in New Zealand. "CDF has a long history of serving customers in Australia and New Zealand, and those countries remain strategic markets in Wells Fargo's international business model," said Simon Beckett, CDF business leader for Australia and New Zealand. "We're excited to be part of the Wells Fargo brand, and continue to provide our customers with excellent service and support." As previously announced, Wells Fargo agreed to purchase GE Capital's CDF and Vendor Finance platforms, as well as a portion of its Corporate Finance business. Wells Fargo completed the purchase of the North American businesses on March 1, 2016, and it completed the Asia segment on July 1, 2016. The Europe, Middle East and Africa (EMEA) segment is expected to close later this year. As part of Wells Fargo, CDF will continue to serve dealers and manufacturers from a variety of sectors, including technology, marine, caravans, recreational products, and outdoor power equipment, among others. With this transaction, Wells Fargo International Finance, LLC is acquiring the CDF assets in Australia, and Wells Fargo International Finance (New Zealand) Limited is acquiring the assets in New Zealand.

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