Amerisource Business Capital closed and funded a $10 million credit facility for a Texas-based design, engineering and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.
“For more than four decades, this company has set the standard for engineering and manufacturing of instrumentation,” Joseph Petri, regional market manager for Amerisource, said.
“We partnered with a commercial bank to deliver a structure which included leveraging the real estate, equipment and working capital assets of the company,” Bill Herrington, executive vice president of Amerisource, said. “We are looking forward to working with this excellent management team.”
