Amerisource Provides a Direct Equity Co-Investment and Senior Debt Commitment for Texas-based Coatings Plant


Release Date: 01/07/21


Amerisource Provides a Direct Equity Co-Investment and Senior Debt Commitment for Texas-based Coatings Plant

Business Capital announced the closing and funding of a direct equity co-investment alongside a Houston-based private equity firm for an industrial coatings plant which will support the underserved steel product OEMs and fabricators in Texas.

Bill Herrington, EVP for Amerisource, stated: “Amerisource was able to provide a debt and equity commitment for the start-up company and its experienced management team. The firm is owned by an established and proven independent sponsor with a portfolio of businesses in the industrial sector. We are excited to onboard this new client into our growing private equity portfolio and look forward to our continued partnership with the private equity sponsor.”

About Amerisource Funding | Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender to growing businesses throughout the United States with borrowing needs up to $20 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to borrowers and clients through both its asset based lending arm (Amerisource Business Capital) and its A/R financing arm (Amerisource Funding). Amerisource has clients and offices located throughout the United States. https://amerisource.us.com

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