Amerisource Closes $3,000,000 Revolver for Independent Sponsor/Specialty Pumping Services Firm


Release Date: 02/13/23


Amerisource Closes $3,000,000 Revolver for Independent Sponsor/Specialty Pumping Services Firm

Amerisource Business Capital announced the closing and funding of a $3,000,000 asset-based revolver for a Texas-based specialty pumping services firm. The proceeds were used to support the company’s growth.

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Bill Herrington, EVP of Amerisource stated, “We were happy to provide the capital needed to support this company’s growth objectives. We also have a particularly strong relationship with the independent sponsor on this transaction for both senior debt and equity co-investments, and we were pleased to be able to deliver a very flexible solution for them, which began with a bridge facility last year.” Andy Allaire, Senior Vice President for Amerisource, added: “The company is growing rapidly and we were pleased to quickly provide a working capital facility to fund their growth and expansion.”

About Amerisource Business Capital
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $8 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allows us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States. https://amerisource.us.com

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