Amerisource Business Capital closed and funded a $1 million working capital facility and equity co-investment for a Texas-based technology platform for moving and transportation services, which used the proceeds to provide working capital to support growth.
“We are excited to partner with this private equity group on another transaction,” Allison Billings, market manager for Amerisource Business Capital, said. “We structured a facility to replace a high-cost factoring relationship using our revolving borrowing base structure.”
“We were pleased to provide both debt and equity to this growing company and dynamic management team,” Bill Herrington, executive vice president of Amerisource Business Capital, said.
