Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

First Internet Supports BASi Acquisition of Smithers Avanza

bynadine
May 6, 2019
in Deal Announcements

Bioanalytical Systems (BASi) acquired the Smithers Avanza Toxicology Services business unit, a contract research organization located in Gaithersburg, MD, which specializes in general toxicology, vaccine safety and developmental and reproductive toxicology (DART) studies, in support of pharmaceutical and chemical industry research and development. The acquired business will operate as a wholly owned subsidiary of BASi under the name BASi Gaithersburg.

In connection with the transaction, BASi amended its credit arrangements with First Internet Bank to, among other things, renew the company’s revolving loan of $3.5 million and to add two new term loans in the amounts of $1.6 million and $1.1 million, respectively, a portion of the proceeds of which were used to fund the acquisition, with the remaining proceeds to be used for capital equipment financing and for future general corporate needs.

“The acquisition of the Smithers Avanza Toxicology Services business unit solidly supports BASi’s vision of strategic growth,” said Robert Leasure, Jr., BASi’s president and chief executive officer. “With strong demand for our toxicology and drug disposition services, we needed to add space and talent. The team that is joining us from Smithers in Gaithersburg will allow us to provide more resources to our clients.”

With this transaction, BASi adds immediate capacity and expects to further capitalize on its assets and broadened scientific expertise to guide clients through drug safety and disposition evaluations.

Previous Post

Amerisource Provides $1MM Revolver for Design Firm

Next Post

Gordon Brothers Names Kopacz Chief Development Officer

Related Posts

Deal Announcements

Encina Commercial Finance Provides $125MM First-Out Financing Supporting National CineMedia

September 29, 2026
Deal Announcements

Lighthouse Financial Provides $5MM Credit Facility to Distributor of Abrasive Blasting Equipment & Supplies

September 29, 2026
Deal Announcements

F2 Forms Strategic Partnership & Secures $5MM Investment with Golub Capital

September 29, 2026
Deal Announcements

Gateway Trade Funding Provides $1.5MM in Purchase Order Financing to California Food Importer

September 29, 2026
Deal Announcements

Gibraltar Business Capital Provides Credit Facility to Support RS2 Healthcare Partners’ Investment in KMM Group

September 25, 2026
Deal Announcements

AirBoss Amends and Restates Credit Facilities

September 25, 2026
Next Post

Gordon Brothers Names Kopacz Chief Development Officer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Liability Management 2.0: Post-Serta Innovation Accelerates Despite Court Setbacks

From Balance Sheet to Specialty Lender: Capital-Light Corporate Models and the Verified Scale of Asset-Based Finance

September 20, 2026

Why the Right Buyer Isn’t Always the Highest Bidder

September 11, 2026

One Platform, One Vision: Inside Solifi’s Acquisition of Inovatec

September 24, 2026

When the Tariff Bill Lands in the Borrowing Base: ABL Mechanics Under Import-Cost Inflation

September 24, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years