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.”