Great Rock Capital expanded its senior secured credit facility for Mersino Management to $50 million, providing an additional $10 million of borrowing capacity.
The increased borrowing capacity provides Mersino with additional liquidity and flexibility to support its platform. The facility includes a traditional term loan, as well as a revolver and delayed draw term loan.
“Great Rock continues to be a vital financial partner as we expand the Mersino platform,” Gino Mersino, CEO of Mersino Management, said. “For almost five years, they have understood our growth potential and have provided the necessary flexibility and liquidity to allow us to capitalize on strategic business expansions.”
“Mersino has a superior management team that has proven again and again their ability to branch out into new business lines successfully,” Stuart Armstrong, CEO of Great Rock Capital, said. “We truly value our long-standing partnership with Mersino and look forward to playing a part as they achieve new levels of success.”
Mersino is a provider of pumping and dewatering services.
