Recent News


Amerisource Closes $12,000,000 Senior Credit Facility for Oilfield Services Firm For Domestic and International Growth
Houston, TX - July 22, 2021

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are excited to provide this credit facility to assist the company as they grow and expand.” Bill Herrington, EVP of Amerisource added, “We were able to structure a facility that better utilized and leveraged the Company’s assets and provided them with the capital needed for expected domestic as well as international growth.”


Amerisource Closes $1,500,000 Credit Facility for Transportation Firm
Houston, TX - June 23, 2021

Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a Texas-based transportation services which serves the construction industry. The proceeds were used to facilitate the purchase of additional vehicles and support their ongoing working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “It was a pleasure to work with the company’s management team and provide them with a working capital solution to support their growth. We provided an equipment line of credit where they can quickly purchase supplementary trucks as their company continues to grow.”


Amerisource Closes $1,500,000 Credit Facility for Video Production Firm
Houston, TX - June 16, 2021

Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a New York based video production firm. The proceeds were used to support the company’s growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company is seeing tremendous success and rapidly growing. We are pleased to be part of the capital solution to fund this growth.”


Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm
Houston, TX - May 11, 2021

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for an Indiana-based contract manufacturing firm which provides powder coating, industrial painting, and related tubing products. The proceeds were used to fund the acquisition of the firm by a private investor.

Andy Allaire, Senior Vice President for Amerisource, stated: “We were pleased to welcome this new client to the Amerisource family. The ownership has a proven track record of acquiring and growing underperforming businesses. We look forward to supporting their future growth.”


Amerisource Closes $17,000,000 Credit Facility for Industrial Sand and Construction Aggregate Firm
Houston, TX - May 3, 2021

Amerisource Business Capital announced the closing and funding of a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm. The proceeds were used to continue the expansion of their business lines and support their ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely with the management team to structure a facility to meet their needs and it was a pleasure working with the team during the onboarding process.” Bill Herrington, EVP for Amerisource, added: “The company has a rich history and track record and we look forward to supporting their role in the growth and expansion of our country’s infrastructure.”


Amerisource Closes $1,000,000 Credit Facility for Trucking Firm
Houston, TX - April 23, 2021

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Louisiana-based trucking firm. The proceeds were used to support the company’s working capital and growth plans.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The owner of this new and growing firm worked with Amerisource previously and had confidence in our ability to close and support his working capital needs. We look forward to partnering with this company and funding its continued growth.”


Amerisource Closes $2,000,000 Credit Facility for Manufacturing Firm
Houston, TX - March 31, 2021

Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a Louisiana based manufacturer of component parts. The proceeds were used to support the company’s recent rapid growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. The Company has strong manufacturing and operational capabilities and recently engaged a new CFO to enhance financial management and reporting. The banker and CFO recommended Amerisource when the Company’s existing bank was unable to provide enough financing to fund its growth. Our credit and underwriting team were able to approve and close the financing very quickly. We look forward to a long term partnership.”


Amerisource Closes $4,500,000 Credit Facility for Field Services Firm
Houston, TX - March 30, 2021

Amerisource Business Capital announced the closing and funding of a $4,500,000 senior credit facility for a Texas based field services firm. The proceeds were used to support the company’s growth plans.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We were pleased to assist the client with this acquisition. Our quick underwriting and creative credit solution enabled the Company to execute on this opportunity with certainty. We look forward to our continued relationship.”


Amerisource Closes $12,000,000 Credit Facility for Distribution Firm
Houston, TX - March 23, 2021

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a California based distributor of construction materials. The proceeds were used to provide additional growth capital.

Andy Allaire Senior Vice President for Amerisource, stated: “We are pleased to welcome this new client. The ownership group has extensive industry experience, and they recently brought on a new senior management team to guide the restructured and growing business. We look forward to partnering with this company and supporting its continued growth.”


Amerisource Closes $12,000,000 Credit Facility for Field Services Firm
Houston, TX - February 23, 2021

Amerisource Business Capital announced the closing and funding of a $12,000,000 senior credit facility for a Texas based field services firm. The proceeds were used to support the company’s growth plans.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We were pleased to deliver this asset-based working capital facility which refinanced a traditional commercial banking revolver. We look forward to supporting the company’s seasoned management team during these challenging times.”


Amerisource Closes $4,000,000 Senior Credit Facility for Steel Fabricator
Houston, TX - January 21, 2021

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a steel fabricator based in Texas. The proceeds are being used to support the Company’s growth and development plans.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are pleased to support this company during their growth phase and look forward to assisting them and their established private equity sponsor during these challenging times.”


Amerisource Closes $1,000,000 Credit Facility for Staffing Firm
Houston, TX - January 20, 2021

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas based healthcare staffing firm. The proceeds were used to refinance the Company’s prior lender and to provide additional growth capital.

Allison Billings Regional Market Manager for Amerisource, stated: “This client was brought to Amerisource by its private equity sponsor. The Company has been experiencing rapid growth over the past several years, and the pandemic has further accelerated that growth. Our credit facility was structured to provide maximum flexibility to support the Company’s growth, and we were able to close within a very tight timeframe – less than 2 weeks. We are excited to partner with this growing company and its sponsor, and we look forward to helping them achieve their goals.”


Amerisource Closes $1,500,000 Real Estate Term Facility for Food Distribution Company
Houston, TX - January 13, 2021

Amerisource Business Capital announced the closing and funding of a $1,500,000 term credit facility for a Texas-based food distribution facility. The proceeds were used to refinance existing debt and to provide additional working capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We were pleased to welcome this new client to the Amerisource family. For a number of reasons, the Company needed to close on this transaction before year-end, and it was a real team effort to achieve during the holidays. Amerisource is excited to see this food distribution facility expand, and we look forward to supporting their continued growth.”


Amerisource Provides a Direct Equity Co-Investment and Senior Debt Commitment for Texas-based Coatings Plant
Houston, TX - January 7, 2021

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.”


Amerisource Closes $1,000,000 Real Estate Credit Facility for Manufacturer
Houston, TX - December 3, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Christmas and holiday decorations manufacturer based in North Carolina. The proceeds are being used to fund the company’s ongoing working capital needs.

Kelly Collins, Regional Market Manager for Amerisource, stated: “We’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history and all parties were great to work with. We look forward to supporting a company which has provided so much to their community over many holiday seasons.”


Amerisource Closes $1,500,000 Real Estate Credit Facility for Textile Manufacturer
Houston, TX - December 2, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 real estate credit facility for a textile manufacturer based in Pennsylvania. The proceeds are being used to re-finance existing debt.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The ownership of the business is well seasoned and needed a lender that could provide real estate bridge financing to work through the current cycle. It was a quick transaction start-to-finish, and we were pleased to provide a favorable solution for our client.”


Amerisource Closes $1,000,000 Credit Facility for Agricultural Processor
Houston, TX - November 12, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan based grower and processor. The proceeds are being used to fund the company’s growth and expand their facilities.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Amerisource was able to provide a solution for the start-up company which is owned by an established and proven entrepreneur who owns multiple other businesses.“


Amerisource Closes $3,000,000 Credit Facility for Membrane Manufacturer
Houston, TX - November 12, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a Texas-based fabricator of membranes used in water treatment facilities. The Company, owned by a foreign parent, was seeking an asset based facility to secure working capital.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “Working with a newly formed U.S. company which is owned by a foreign parent posed its challenges, especially given the issues around Covid 19. But, with the flexibility Amerisource offers, we were able to secure a partnership with a company which is poised to grow rapidly in the U.S. We provided a creative structure that was chosen over multiple other offers from competitors.”


Amerisource Closes $1,000,000 Credit Facility for Refinery Services Firm
Houston, TX - October 16, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Texas based firm which provides repair and maintenance services to the petrochemical industry. The proceeds are being used to fund the company’s ongoing working capital needs.

Allison Billings, Regional Market Manager for Amerisource, stated: “The firm is a newly established entity, but the owners bring decades of industry experience to this company and are poised for significant growth ahead.”


Amerisource Closes $5,500,000 Revolving Line/Equipment Term Loan Facility for Manufacturer
Houston, TX - August 21, 2020

Amerisource Business Capital announced the closing and funding of a $5,500,000 credit facility for a metal stamping firm based in Ohio. The proceeds are being used to refinance their existing bank debt.

Andy Allaire, Senior Vice President for Amerisource, stated: “Amerisource provided the company with a comprehensive financing package with an Asset Based Revolver on A/R & inventory and a term loan on equipment. We are excited to onboard this new client, and we look forward to our continued partnership.”


Amerisource Closes $1,000,000 Credit Facility for Wholesale/ Distribution Firm
Houston, TX - August 17, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 revolving credit facility for an eye care product distributor based in New York. The proceeds are being used to provide working capital and to support significant projected growth.

Andy Allaire, Senior Vice President for Amerisource, stated: “The company has an international presence and is expanding in the U.S. through acquisition. We look forward to partnering with this exceptional management team and ownership group as they grow domestically.”


Amerisource Closes $1,500,000 Real Estate Term Loan for Manufacturer
Houston, TX - August 10, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 real estate loan to a flow meter manufacturer based in Texas.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We were able to quickly provide the funds needed to refinance the customer’s current bank debt through our real-estate product. The proceeds will increase the Company’s working capital which will be used to support future growth.”


Amerisource Closes $6,500,000 Revolving Line and Term Loan for Chemical and Additive Manufacturer In Texas
Houston, TX - August 5, 2020

Amerisource Business Capital announced the closing and funding of a $6,500,000 credit facility for a chemical and additive manufacturer based in Texas. Proceeds of the facility were used to support the company’s continued growth.

Doug Forbes, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client and look forward to partnering with them. Amerisource is committed to providing working capital solutions to service companies in the energy and manufacturing sector.“