Amerisource Closes $14,000,000 Recapitalization and Working Capital Facility for Energy Firm.


Release Date: 12/20/23


Amerisource Closes $14,000,000 Recapitalization and Working Capital Facility for Energy Firm.

Amerisource Business Capital announced the closing and funding of a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry. The proceeds will support an ownership transition and anticipated growth.

Doug Forbes, Market Manager for Amerisource, stated: “We were pleased to assist this leading wireline service company which is led by an experienced and capable management team. The company sought a ‘one-stop lender’ that would be flexible during its ownership transition and expected expansion.” Bill Herrington - EVP of Amerisource, added, “The expertise of the management team and investment banking sponsor allowed us to convert this foreign-owned firm back to Texas-based family ownership. We look forward to this new partnership and the opportunity to support their future growth.”

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

Working Capital | Real Estate | Equipment