Amerisource Business Capital Strengthens Team with Recent Appointment

Release Date: 03/11/24

Amerisource Business Capital Strengthens Team with Recent Appointment

Jeff has over 20 years of experience in commercial finance and asset-based lending solutions to small and middle-market businesses across the country. Based in St. Louis, Missouri, Jeff is actively involved in the TMA and ACG throughout Missouri, Illinois, Wisconsin, and Minnesota.

"We are very pleased to welcome Jeff to our team," said Bill Herrington, EVP, "His knowledge and experience will be invaluable as we continue to expand our offerings and serve our clients throughout the U.S.  We are confident that Jeff will play a key role in driving our company forward."

Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry. The proceeds were used to enable the Company to strategically acquire a competitor to enhance its growth throughout Texas and Oklahoma.

Doug Forbes, Market Manager for Amerisource, stated: “We are excited to help our client, one of the leading wireline service companies in the industry, acquire a leading competitor that will expand their product lines and profitability.”