Austin Financial Services (AFS) closed a $4 million accounts receivable and inventory revolver facility, complemented by an M&E term loan, to support an equity group’s acquisition of an integrated downhole drilling service and equipment solutions company.
Proceeds from AFS’ revolver not only funded the acquisition but will also provide essential working capital to support ongoing operations and future growth.
“We are proud to have delivered a flexible financing solution tailored to the unique needs of both the equity group and the company, ensuring a smooth acquisition process within the required timeline. Our ability to structure creative lending solutions allows businesses to execute strategic growth initiatives with confidence,” Jason Anish, president and CEO of AFS, said. “We look forward to supporting their continued success as they expand their reach and impact.”
