Recent News


Amerisource Business Capital Announces Acquisition of Two Specialty Finance Businesses from MidSouth Bank
Houston, TX - October 17, 2019

Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers. In conjunction with the acquisition, three key members of the specialty finance units have joined Amerisource Business Capital and are based in Amerisource’s new office in Lafayette, Louisiana.

Bill Herrington, EVP of Amerisource, stated, “We are excited about this acquisition as it broadens and deepens our roots in the Louisiana market, an attractive and well known area to us that aligns perfectly with our long term growth objectives.”

Michael Monk, Managing Partner of Amerisource added, “This acquisition immediately expands our product offerings and capabilities, as well as our footprint in the Louisiana market. The team at MidSouth Bank built two great business units over the past decade, and they were terrific to work with throughout this process. Our new office and team members in Lafayette are already up and running and will continue to serve the existing customer base and greater Louisiana market. We look forward to providing the same outstanding service and support to these growing companies that we have to our other clients over the past 35 years.”

Jim McLemore, former President and CEO of MidSouth Bank, stated, “The team at Amerisource was responsive, closed quickly, and was a pleasure to work with. And, as one of the most respected independent lenders we know, we are confident Amerisource will be a great partner for these former MidSouth Bank customers and employees.”


Amerisource Closes $1,000,000 Credit Facility for Distribution Company
Houston, TX - October 10, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a growing distribution and warehousing company based in California and Georgia. Proceeds of the facility were used to refinance existing bank debt and to support increased working capital needs.

Lori Lemuel, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client, and we look forward to partnering with them to achieve their business growth objectives.”


Amerisource Closes $2,000,000 Credit Facility for Manufacturing Company
Houston, TX - September 30, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a hardware manufacturing company based in California. Proceeds of the facility are being used to support working capital and sales growth.

Danilo Chang, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The client has foreign ownership and is growing very quickly, which created some challenges for conventional bank financing. The Amerisource team delivered a very creative financing solution, and we are looking forward to our partnership with this growing business.”


Amerisource Closes $3,000,000 Credit Facility for Transportation Company
Houston, TX - September 24, 2019

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client to Amerisource. We structured an asset based revolver which provided funds for an acquisition as well as working capital expansion. We look forward to our partnership and supporting the company’s continued growth needs."


Amerisource Closes $500,000 Credit Facility for Fabrication Company
Houston, TX - September 16, 2019

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a custom equipment fabrication company based in Texas. Proceeds of the facility are being used to support their working capital growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are excited to partner with this local company and its experienced management team. We have enjoyed working with the new owners during the onboarding process and are pleased to welcome them to the Amerisource family.“


Amerisource Spring/Summer Success Stories
Houston, TX - September 16, 2019

We’ve had a great start to the year.

Check out a few of our recent success stories.


Amerisource Closes $2,000,000 Credit Facility for Medical Research Company
Houston, TX - August 14, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a medical research and record retrieval company based in Texas. Proceeds of the facility are being used to support the company’s significant growth plans.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Amerisource was able to provide a customized solution for this unique and specialized research company which will allow its growth trajectory to continue."


Amerisource Closes $3,500,000 Credit Facility for Manufacturing Company
Houston, TX - August 12, 2019

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a speciality manufacturing company based in New York. Proceeds of the facility are being used to support their growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “Amerisource was able to offer a flexible financing structure which allowed the company to maintain its existing banking relationship. We look forward to working together and supporting their continued growth.“


Amerisource Closes $5,000,000 Credit Facility for Specialty Manufacturing Company
Houston, TX - August 9, 2019

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a manufacturing company based in Texas which supports the LNG industry. Proceeds of the facility were used to refinance the Company’s existing bank revolver and term facility and for additional growth capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The business has a seasoned management team, long history and strong balance sheet. They had been looking for more flexible growth capital than their bank was able to provide. Amerisource provided a $3,000,000 revolver against A/R and inventory, as well as a $2,000,000 term facility secured by real estate, machinery and equipment.“

“With our home office based in Texas, Amerisource is uniquely positioned to support the energy industry. We look forward to partnering with this client and helping them achieve their growth and business objectives,” said Bill Herrington, Executive Vice President for Amerisource.


Amerisource Closes $1,000,000 Credit Facility for Manufacturing Company
Houston, TX - July 26, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a precision parts design and manufacturing company based in New York. The Company was recently acquired by a private equity firm, and proceeds of the new facility will be used for additional growth capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new relationship. The new ownership has a solid track record in acquiring and growing their portfolio companies. Amerisource is pleased to be in a position to provide the needed growth capital.“


Jason Floyd Contributes to Secured Lender Magazine
Houston, TX - July 17, 2019

One of our Managing Partners, Jason Floyd, contributed to a recent article (“Secured Lending and Felons”) in the June edition of The Secured Lender.

Read the article here.


Amerisource Closes $3,000,000 Credit Facility for Energy Services Transportation Company
Houston, TX - July 11, 2019

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a transportation company based in Colorado. Proceeds of the facility are being used to support their rapid growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “The Company was looking for a flexible financing partner to refinance higher cost debt and support its continued growth. Our roots are deep in the energy industry, so this is an ideal relationship for us. We look forward to working with the Company to achieve its goals.”


Amerisource Closes $1,000,000 Credit Facility for Staffing Company
Houston, TX - June 4, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for an employment agency based in Missouri. Proceeds of the facility were used to refinance existing bank debt and to provide additional working capital for ongoing operations and growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to provide this credit facility to the client, and we were fortunately able to structure and close the facility very quickly. As an employment agency, our client was very familiar with the ABL structure, and the incumbent bank was helpful and responsive in the transition of the facility to Amerisource, while maintaining the deposit relationship. We look forward to a long-lasting relationship as the client pursues its growth objectives.”


EY Announces Jason Floyd and Michael Monk of Amerisource Business Capital Entrepreneur Of The Year® 2019 Award Finalist in the Gulf Coast Area
Houston, TX - May 13, 2019

EY recently announced Jason Floyd and Michael Monk of Amerisource Business Capital as finalists for the Entrepreneur Of The Year® 2019 Award in the Gulf Coast Area. Widely considered one of the most prestigious business awards programs in the U.S., the program recognizes entrepreneurs and leaders of high-growth companies who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities, while also transforming our world. Jason and Michael were selected as finalists by a panel of independent judges. Award winners will be announced at a special gala event on June 21, 2019 at the Marriott Marquis Houston.


Amerisource Closes $1,000,000 Credit Facility for Transportation Company
Houston, TX - April 29, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a transportation company based in Oklahoma. Proceeds of the facility are being used to support working capital and growth needs.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client to the Amerisource family. The company was introduced to us by an existing Amerisource client, which is always a good start to a new relationship. The company has experienced rapid sales growth over the past two years and needed access to additional working capital. We were delighted to provide a solution, and we look forward to our continued partnership”.


Amerisource Closes $2,000,000 Credit Facility for Fuel Distribution Company
Houston, TX - April 4, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a Fuel Distribution Company based in Texas. Proceeds of the facility are being used to support working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this growing company to the Amerisource family. This new client was a referral from another long-standing client of Amerisource, just highlighting one of our core competencies — keeping customers happy with outstanding and consistent customer service, flexible financing structures and dependable capital. It was a pleasure working with the owners and management team during the onboarding process, and we look forward to partnering with them as they continue to grow”.


Amerisource Closes $1,000,000 Credit Facility for Aviation Company
Houston, TX - April 3, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a commercial aviation services company based in Texas. Proceeds of the facility are being used for growth and working capital.

Allison Billings, Regional Market Manager for Amerisource, stated: ”We were pleased to provide this credit facility to meet the client’s immediate needs and to support upcoming growth. The company was referred to Amerisource by its banker. The transaction required a rapid underwriting timeline, which was one of the reasons the client selected Amerisource among its other referred lenders. We are happy to welcome this great team onboard, and we look forward to our partnership as their growth continues“.


Amerisource Closes $1,000,000 Credit Facility for Steel Fabricator
Houston, TX - March 28, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a steel fabrication company based in Texas. Proceeds of the facility are being used for growth capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to provide this Houston-based family and company with this senior facility. The Company was a former customer of Amerisource and we had an excellent relationship. The management team appreciated our prior relationship and speed in underwriting the facility, as well our understanding and appreciation of their concentration risks in the oil and gas industry. I look forward to our partnership in the years to come as their Company continues to grow.”


Amerisource Completes $1,000,000 Credit Facility for Import Company
Houston, TX - March 13, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an apparel importer based in California. This is a new venture started by an experienced management team who has successfully partnered with Amerisource on previous enterprises. Proceeds of the facility are being used to fund working capital and projected growth.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We are very happy to partner with this management team again, and we look forward to assisting them to grow another successful venture.”


Amerisource Completes $1,500,000 Credit Facility for Manufacturer & Distributor
Houston, TX - March 8, 2019

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based manufacturer and distributor of electrical components. Proceeds of the facility are being used for growth capital.

Andy Allaire, Senior Vice President for Amerisource, stated: “This firm has a solid management team and strong equity partners, but lacked adequate working capital. We are pleased to partner with and support them as they continue to grow.”


Amerisource Completes $600,000 Credit Facility for Manufacturing Company
Houston, TX - March 7, 2019

Amerisource Business Capital announced the closing and funding of a $600,000 credit facility for a New York based manufacturer of component parts for the aerospace, commercial, military and transportation industries. Proceeds of the facility are being used to fund working capital and growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to provide this revolver to our newest client. The company is a 2nd generation business with a seasoned management team and top tier customers. We look forward to our partnership and supporting the Company’s continued growth financing needs.”


Amerisource Completes $1,000,000 Credit Facility for Textile Processing Company
Houston, TX - January 18, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility to finance the acquisition of a textile processing company based in North Carolina.

Kelly Collins, Regional Market Manager for Amerisource, stated: “This 30-year old business has been very successful. We are excited to partner with the new ownership to finance the Company’s transition and continued growth.”


Amerisource Completes $3,500,000 Credit Facility for Wholesale Fuel Distribution Company
Houston, TX - January 16, 2019

Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a wholesale fuel distribution company based in Texas. Proceeds of the facility will be used for working capital and to support their rapid growth including a letter of credit sublimit to support a vendor.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are excited to deliver a capital solution to this new client, and we look forward to partnering with the management team to achieve their growth plans.”


Amerisource Completes $500,000 Credit Facility for Mechanical Repair Company
Houston, TX - January 11, 2019

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a mechanical repair and service company based in Texas. Proceeds of the facility will provide working capital to support growth. Amerisource also issued a standby letter of credit to a key supplier.

Justin Carter, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this Client to the Amerisource family. Their recent addition of two new partners has created tremendous business growth, and we look forward to providing the financing needed to support that growth.”


Congratulations to our 21st Annual College Football Bowl Challenge Winners
Houston, TX - January 8, 2019

We hope everyone enjoyed the 2018 Amerisource College Football Bowl Challenge. It was definitely one for the record books! Thanks again to everyone for participating. We appreciate your support!

$1500 Winner - Christopher Quinn
The Claro Group, LLC
Christopher donated $250 of his winnings to charity. Amerisource has matched Christopher's donation for a total of $500 donated! Thank you, Christopher!

$750 Winner - Christopher Coutu
Hudson Place Financial, LLC
Christopher donated $250 of his winnings to charity. Amerisource has matched Christopher's donation for a total of $500 donated! Thank you, Christopher!

$500 Winner - Brett Kacura
Alium Batteries
All winnings to charity! Amerisource has matched Brett's donation for a total of $1000 donated! Thank you, Brett!


Amerisource Completes $4,000,000 Credit Facility for Oil Field Services Company
Houston, TX - January 3, 2019

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for an oil field services company based in Oklahoma. Proceeds of the facility are being used for working capital and growth financing.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s ownership and management team are seasoned and well positioned to accelerate business growth. They’ve been a great partner to work with, and we are pleased our new facility will play a key role in achieving that growth. We look forward to working together and seeing them succeed.”


Amerisource 2018 - A Year in Review
Houston, TX - January 1, 2019

2018 was a great year for Amerisource.

Check our some of our new 2018 clients.


Amerisource Completes $1,000,000 Credit Facility for Energy Services Company
Houston, TX - November 9, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a geological services company in Oklahoma. Proceeds of the facility are being used for working capital needed to support sales growth.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We were pleased to provide this credit facility to allow the client to prepare for significant revenue growth. And our flexible facility structure lacks non-use fees, so our client can manage its expenses if the additional growth is not as robust as predicted. We look forward to partnering with them through this exciting time in their business.“


Amerisource Completes $1,000,000 Credit Facility for Food Services Company
Houston, TX - October 31, 2018

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a seafood processing company based in Washington. Proceeds of the facility are being used for working capital and growth financing.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are excited to welcome this new client aboard. The Company has a seasoned management team, and the private equity sponsors in the business has fortified the Company’s capital base. We were pleased to deliver a financing structure that provided the Company and PE firm with the capital and flexibility they were seeking.“


Amerisource Completes $500,000 Credit Facility for Grease & Lubricant Company
Houston, TX - October 29, 2018

Business Capital announced the closing and funding of a $500,000 credit facility for a grease and lubricant manufacturer based in Texas. Proceeds of the facility will provide the working capital needed to support the Company’s growth.

Allison Billings, Regional Market Manager for Amerisource, stated: “Amerisource came highly recommend by several of this client’s business partners. We are excited to welcome this team onboard and look forward to partnering with them to achieve their business growth objectives.”


Amerisource Completes $500,000 Credit Facility for Manufacturing Company
Houston, TX - October 24, 2018

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a manufacturer of organic skincare products in California. Proceeds of the facility are being used for working capital to support growth.

Justin Carter, Regional Market Manager for Amerisource, stated: “We are pleased to have provided a solution this growing Company. We worked jointly with the Company’s banker to structure this facility, and it’s another great example of a banker truly caring about what his client needed to succeed. We look forward to supporting this client through continued business growth and complimenting the strong relationship they have already formed with their bank.“