Amerisource Business Capital closed and a $3 million asset-based revolver for a Texas-based specialty pumping services firm. The proceeds were used to support the company’s growth.
“We were happy to provide the capital needed to support this company’s growth objectives,” Bill Herrington, EVP of Amerisource, said. “We also have a particularly strong relationship with the independent sponsor on this transaction for both senior debt and equity co-investments, and we were pleased to be able to deliver a very flexible solution for them, which began with a bridge facility last year.”
“The company is growing rapidly and we were pleased to quickly provide a working capital facility to fund their growth and expansion,” Andy Allaire, senior vice president for Amerisource, said.
