Amerisource Business Capital closed a $1 million credit facility for a precision parts design and manufacturing company based in New York.
The company was recently acquired by a private equity firm, and proceeds of the new facility will be used for additional growth capital.
“We are excited to welcome this new relationship. The new ownership has a solid track record in acquiring and growing their portfolio companies. Amerisource is pleased to be in a position to provide the needed growth capital,“ said Andy Allaire, regional market manager for Amerisource.
