Recent News


Amerisource Closes $3,000,000 Credit Facility for Health Services Company
Houston, TX - June 29, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for an international occupational health services company based in Texas. The proceeds were used to refinance existing bank debt and support additional working capital needs.

Bill Herrington, EVP for Amerisource stated, “the client is growing rapidly due to the increased need for health care testing in the Covid-19 environment. Our ability to structure a facility to accommodate exponential growth was critical for the company.”

Allison Billings, Regional Market Manager for Amerisource, stated: “Amerisource came highly referred by the Company’s existing bank. We tailored a revolving credit facility and a real estate bridge loan to fit the Company’s objectives. All parties were great to work with, and we’re very excited to welcome this new relationship to the Amerisource family. The company has a long operating history, and we look forward to our partnership.”


Amerisource Closes $3,000,000 Credit Facility for Distributor
Houston, TX - June 29, 2020

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a distribution company based in California. The proceeds are being used for growth capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The Company has an excellent management team and strong support from its venture capital firm. As the Covid crisis developed, the Company quickly transitioned from distributing sporting-related apparel to distributing protective equipment (PPE) for health care providers. We are excited about this partnership, and always appreciate the opportunity to work with a group of entrepreneurs with a vision and passion for their business.”


Amerisource Closes $4,000,000 Credit Facility for Equipment Rental Firm
Houston, TX - April 29, 2020

Amerisource Business Capital announced the closing and funding of a $4,000,000 revolving credit facility for a Texas based natural gas compression services firm.

Allison Billings, Regional Market Manager for Amerisource, stated: “We worked closely with management to provide an asset-based facility that supported working capital needs, as well as the flexibility to acquire additional equipment. They were great to work with during the process and we look forward to our partnership.” Bill Herrington, EVP of Amerisource, added, “this company is supported by a respected private equity firm and we were pleased to structure a credit facility that met their needs.”


Amerisource Closes $5,000,000 Credit Facility for Fabrication Firm
Houston, TX - April 3, 2020

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a steel fabricator based in Montana. The proceeds were used to refinance existing bank debt and to support the company’s continued growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Their business has a long history of success but is asset-heavy and has challenges with inconsistent cash flows. The company’s bank continues to provide term financing for the real estate and equipment, but was no longer able to support the revolving facility. Amerisource was brought in to refinance, and increase, the revolver. The ownership has been great to work with, and they are deeply committed to the continued growth and success of the business.”


Amerisource Closes $1,000,000 DIP Facility for Limestone Quarry
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing and funding of a $1,000,000 DIP credit facility for a limestone quarry based in Missouri.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We were pleased to work with the client and existing senior lender to assist the company in its restructuring plan. The quarry had some past operational issues to address and needed additional capital to get operations back online. Our DIP facility was the perfect solution, and we look forward to our continued partnership.”


Amerisource Closes $10,000,000 Credit Facility for Transportation & Logistics Firm
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing of $10,000,000 in credit facilities to complete the leveraged buyout of a transportation and logistics company located in Texas. Amerisource provided term facilities to finance the acquisition, as well as a revolver to support ongoing working capital needs.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Amerisource worked with the buyer and its investment banker to complete the deal, and the surviving entity expects to see significant accretion to its revenue and earnings almost immediately.”


Amerisource Closes $500,000 Credit Facility for Packaging & Distribution Firm
Houston, TX - March 18, 2020

Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a packager and distributor of medical supplies based in Maryland. Proceeds of the facility were used to support working capital needs.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to close this financing for this new client. The management team has over 20 years of experience in developing, branding and distributing medical products, but were not able to obtain traditional bank financing due to the startup nature of this company. We look forward to supporting this business as it pursues its growth objectives.”


Amerisource Closes $4,000,000 Credit Facility for Power Management Services Firm
Houston, TX - March 13, 2020

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a manufacturer of lift and power management systems in Texas. The proceeds were used to refinance existing bank debt and to provide additional growth capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this company as an Amerisource client. The management team has a ton of experience in this industry, and they were a pleasure to work with throughout the process. Bill Herrington, EVP of Amerisource added, “the private equity group backing this company is a leader in the power management space and we are looking forward to our continued partnership with them.”


Amerisource Closes $2,500,000 Credit Facility for Manufacturer
Houston, TX - February 5, 2020

Amerisource Business Capital announced the closing and funding of a $2,500,000 credit facility for a kitchen counter manufacturer based in New York. The proceeds are being used for working capital.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. Following a change of ownership, the Company‘s bank was unable to renew its revolver. Amerisource was approached and was able to approve and close a revolving facility in under two weeks. We have enjoyed working with the new owners and look forward to our continued partnership.”


Amerisource Closes $1,500,000 Credit Facility for Wholesaler
Houston, TX - January 24, 2020

Amerisource Business Capital announced the closing and funding of a $1,500,000 revolving credit facility for a marble and granite wholesaler in North Carolina. The proceeds of the facility are being used for working capital, with availability against accounts receivable and inventory.

Kelly Collins, Regional Market Manager for Amerisource, stated: “It was a pleasure working with the management team during the onboarding process, and we look forward to supporting the company’s continued growth.”


Amerisource Closes $1,000,000 Credit Facility for Energy Services Company
Houston, TX - December 30, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 revolving credit facility for a wind farm maintenance company based in Colorado. Proceeds of the facility are being used to support working capital.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client. The company has a seasoned management team and excellent financial track record, and Amerisource was able to close the facility in 10 days. We look forward to being a part of the company’s continued success.“


Amerisource Closes $2,000,000 Facility for Utility Contractor
Houston, TX - December 20, 2019

Amerisource Business Capital announced the closing and funding of a $2,000,000 revolving credit facility for a utility contractor based in the upper Midwest. Proceeds of the facility are being used for growth capital.

Nic Wagner, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client, which was referred to us by their consultant. Closing was achieved in just over two weeks, which allowed the company to continue its operational timeline without delay and without the need for bridge financing. We look forward to our continued partnership.“


Amerisource Closes $1,000,000 Credit Facility for Specialty Manufacturing Company
Houston, TX - October 30, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a component parts manufacturer based in New York. Proceeds of the facility are being used to support working capital and sales growth.

Andy Allaire, Regional Market Manager for Amerisource, stated: “We are pleased to welcome this new client to the Amerisource family. Referred to us by the Company’s depository bank, the Company has a seasoned management team, but foreign ownership and limited operating history. With conventional bank financing not yet available, Amerisource was the perfect solution to ensure the Company had capital to support its growth. We look forward to growing our partnership with this great Company.“


Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company
Houston, TX - October 23, 2019

Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.

Andy Allaire, Regional Market Manager for Amerisource, stated: “The company’s existing lender is exiting the oil & gas lending business. We worked closely with management, the private equity ownership group, and the existing term lenders to structure a facility that met all of their refinancing and growth capital needs.“

Bill Herrington, EVP of Amerisource, added, “We are based in Texas and understand the unique needs of the energy business. We look forward to partnering with this client and helping them achieve their growth and business objectives.”


Amerisource Closes $1,000,000 Credit Facility for Developer Company
Houston, TX - October 23, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.

Danilo Chang, Regional Market Manager for Amerisource, stated “We are excited to welcome this new client. Their continued growth necessitated a financing partner able to provide a flexible and floating line, and we were pleased to provide this solution. We look forward to support their continued growth plans.”


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 $1,000,000 Credit Facility for Fabrication Company
Houston, TX - September 16, 2019

Amerisource Business Capital announced the closing and funding of a $1,000,000 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 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.“