Daily News: August 17, 2018

AloStar Closes $11.8MM Facility for American-Marsh Pumps


AloStar Capital Finance closed an $11.8 million committed credit facility for American-Marsh Pumps, a supplier and manufacturer specializing in pumping applications.

“American-Marsh is pleased to establish this business partnership with AloStar. Their desire to understand our business and growth plans differentiated them in the marketplace, and made them the best fit for us,” said Dennis Barbour, president of American-Marsh. “The entire team at American-Marsh looks forward to a long-lasting relationship with AloStar, built on trust and understanding of the dynamic environment in which we operate.”

“After thoughtfully considering American-Marsh’s business goals, our team of lenders was able to deliver a creatively structured facility in support of the company’s growth objectives,” said Andy McGhee, president of AloStar Capital Finance. “We’re pleased to offer a solution that meets the company’s needs and we look forward to watching American-Marsh build on its success.”

Butler Snow Advisory provided assistance on the transaction. The firm provides executive-level strategic guidance to private, family-owned and closely held companies and has offices in Tennessee, Louisiana and Mississippi.