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


Quest Solution Secures $8MM Credit Line With Wells Fargo Capital Finance

January 08, 2015, 07:16 AM
Filed Under: Technology

Quest Solution announced that it has secured a revolving credit facility from Wells Fargo Bank in the maximum principal amount of $8 million.

"We are pleased to confirm that Wells Fargo, the 4th largest bank in the United States, as our lending partner as we execute the expansion strategy of our business model in core verticals and new markets," stated Jason Griffith, CEO, Quest Solution, Inc. "Wells Fargo completed a significant due diligence process on the Company and agreed to provide up to $8 million in a revolving line of credit with a three-year commitment to the relationship."

"We are excited about our new relationship with Quest Solution and BCS and pleased to be able to provide pivotal financing for their business growth," stated Steve Ogus, Senior Vice President, Loan Originations, Wells Fargo Capital Finance. "The entire company and its strong management team were helpful in making our due diligence process seamless and we look forward to supporting the company in their future business endeavors."

Griffith added, "We believe Wells Fargo's support will provide flexibility for growth and further enhance our ability to deliver value to our shareholders."

Quest Solution, Inc. is a leading provider in the technology, software, and mobile data collection systems business. In November 2014, the company announced that Bar Code Specialties, Inc. (BCS) joined with Quest Solution, Inc. The Company intends on continuing to acquire existing companies with revenues and positive cash flow.

Week's News

Comments From Our Members

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