Daily News: October 18, 2019

Amerisource Acquires Specialty Finance Units from MidSouth Bank


Amerisource Business Capital acquired two specialty finance business units from MidSouth Bank, based in Lafayette, LA.

The acquisitions included loan portfolios of more than 1200 commercial borrowers. In conjunction with the acquisition, three key members of the specialty finance units have joined Amerisource and are based in Amerisource’s new office in Lafayette.

“We are excited about this acquisition as it broadens and deepens our roots in the Louisiana market, an attractive and well known area to us that aligns perfectly with our long term growth objectives,” said Bill Herrington, Amerisource EVP.

“This acquisition immediately expands our product offerings and capabilities, as well as our footprint in the Louisiana market. The team at MidSouth Bank built two great business units over the past decade, and they were terrific to work with throughout this process. Our new office and team members in Lafayette are already up and running,” said Michael Monk, managing partner.