Amerisource Business Capital closed $10 million in credit facilities to complete the leveraged buyout of a transportation and logistics company located in Texas. Amerisource provided term facilities to finance the acquisition, as well as a revolver to support ongoing working capital needs.
“We are pleased to welcome this new client,” Daniel Martinez, regional market manager for Amerisource, said. “Amerisource worked with the buyer and its investment banker to complete the deal, and the surviving entity expects to see significant accretion to its revenue and earnings almost immediately.”
Founded in 1984, Amerisource is a direct lender to businesses throughout the United States with borrowing needs up to $20 million. The company has provided more than $8 billion in capital to borrowers and clients through both its asset-based lending arm (Amerisource Business Capital) and A/R financing arm (Amerisource Funding).