FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Amerisource Funding Announces Recent Closing

September 12, 2013, 06:53 AM

Amerisource announced the closing and funding of a $2 million A/R factoring facility for a defense contractor supplying electronic components in upstate New York.

New ownership was recently brought in to recapitalize the company, as it had struggled through the economic crisis.  The company’s consultant brought in Amerisource to provide a flexible working capital solution during the transition period.
“We were pleased to be an integral part of the recapitalization,” said Andy Allaire, regional market manager for Amerisource.  “The new ownership realized that having appropriate levels of liquidity in place from day one was a critical component of the turnaround.”
Founded in 1984 and headquartered in Houston, TX, Amerisource is an independent commercial finance companies in the country. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.