Amerisource Business Capital closed and funded a $1.7 million senior credit facility for a paints and coatings company based in Ohio. The proceeds were used to support the acquisition of the business and to provide ongoing post-acquisition working capital.
“We moved quickly to get this deal done and are excited to support our client through this new chapter,” Allison Billings, regional market manager for Amerisource Business Capital, said. “Our team worked closely with all parties to structure a flexible financing solution that met the company’s immediate acquisition needs while also positioning them for future growth. We look forward to building a strong, ongoing partnership and are grateful to both teams for their collaboration, hard work and commitment throughout the process.”
