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Great Rock Capital Upsizes Mersino Management Credit Facility to $50MM

December 03, 2021, 08:02 AM
Filed Under: Specialty Industries

Great Rock Capital expanded its senior secured credit facility for Mersino Management, providing an additional $10.0 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.

The increased borrowing capacity provides Mersino with additional liquidity and flexibility to support their growing platform. The facility includes a traditional term loan, as well as a revolver and delayed draw term loan.

“Great Rock continues to be a vital financial partner as we expand the Mersino platform,” said Gino Mersino, Chief Executive Officer of Mersino Management. “For almost five years, they have understood our growth potential and have provided the necessary flexibility and liquidity to allow us to capitalize on strategic business expansions.”

“Mersino has a superior management team that has proven again and again their ability to branch out into new business lines successfully,” said Stuart Armstrong, CEO of Great Rock Capital. “We truly value our long-standing partnership with Mersino and look forward to playing a part as they achieve new levels of success.”

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