Amerisource Business Capital announced the successful closing and funding of a $7 million working capital and acquisition facility for a Texas-based equipment service provider to the oil and gas industry. The acquisition will triple the firm’s size.
“We are pleased to support this respected independent sponsor on a recent acquisition,” Bill Herrington, executive vice president at Amerisource, said. “Our ability to move quickly and to prepare the documentation internally allowed the firm to quickly close with limited closing costs.”
