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


Amerisource Closes $3MM Revolver for Independent Sponsor/Specialty Pumping Services Firm

February 10, 2023, 07:55 AM
Filed Under: Specialty Industries

Amerisource Business Capital closed and funded a $3,000,000 asset-based revolver for a Texas-based specialty pumping services firm. The proceeds were used to support the company’s growth.

Bill Herrington, EVP of Amerisource stated, “We were happy to provide the capital needed to support this company’s growth objectives.  We also have a particularly strong relationship with the independent sponsor on this transaction for both senior debt and equity co-investments, and we were pleased to be able to deliver a very flexible solution for them, which began with a bridge facility last year.”   Andy Allaire, Senior Vice President for Amerisource, added: “The company is growing rapidly and we were pleased to quickly provide a working capital facility to fund their growth and expansion.”

Comments From Our Members

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