News Center

AMERISOURCE NEWS CENTER

AMERISOURCE PRESS RELEASES AND NEWS

Hurricane Harvey Relief Joseph

September 19, 2017

Hurricane Harvey Relief – The Team Volunteers

Houston, TX – Following Hurricane Harvey, we are encouraging and challenging our employees to volunteer their time and energy. We are providing them with paid time off during the working day to ensure that their skills are available to those who need them the most! Last Friday Elliot, Daniel, Erica Gongora and Erica Cox volunteered to help a member of our very own Amerisource family!! Our Operations Specialist’s, Joseph, apartment was damaged beyond repair during Hurricane Harvey. Our team members recently helped them to move all their remaining valuables, property and furniture into storage.

“My wife and I want to take the time to say thank you once again for helping us on this past Friday. Words aren’t even enough to express our gratitude for the hard work and love you all have shown towards us. Now we’re able to move on to the next phase” said Joseph.

Beau

September 13, 2017

Hurricane Harvey Relief – Beau and JZ Volunteer in Chapelwood

Houston, TX – Beau and JZ recently helped clear up a home in Chapelwood. Here’s what Beau had to say about the experience: “We were afforded the opportunity to go with a local church and help clean out a home that had nearly 4 feet of water in it. Nearly 2 weeks after the initial flood, the water had just receded which resulted in terrible destruction of the home. We were able to clear everything out of the home, pull up carpet and flooring and take out sheetrock. The homeowner was a very nice young man whose wife is expecting a baby girl at the end of this year. He was extremely grateful for the help we provided and could not thank us enough for doing our part in the first step of making his house home again”

Well done JZ and Beau, and thank you!!

Dawn and Alyssa

September 13, 2017

Hurricane Harvey Relief – Alyssa and Dawn Volunteer at the KIPP School

Houston, TX – Alyssa and Dawn recently volunteered at the KIPP School. Here’s what Dawn said about it: “Even though it said Kipp Pantry on the registration form, that’s not what we were doing. It is actually a distribution center for all of the school districts. We loaded 5 school buses full of all kinds of donated supplies (food, clothes, baby items, school supplies, household items, etc) that was then distributed to the 12 different school districts. YES….5 SCHOOL BUSES!!! We were exhausted after but it was totally worth it”

Thank you for your help Alyssa and Dawn, great job guys!!

Tomball Renewal Center

September 1, 2017

HELP THOSE AFFECTED BY TROPICAL STORM HARVEY- NORTHWEST HOUSTON AREA

Houston, TX – Jason Floyd, Amerisource’s Managing Director, serves on the board of the Tomball Renewal Center (TRC) which addresses the needs of the disadvantaged and marginalized in the Northwest Houston area. The TRC is leading the coordination of area churches for Hurricane Harvey relief efforts in this hard hit section of Houston. If you would like to make a tax deductible donation where you can be confident that 100% of your gift will go toward restoring the lives of those hit hardest by this storm, then please click on the secure link below and donate via Paypal.

http://www.tomballrenewalcenter.org/

Amerisource Funds $250,000 - Transportation Firm

August 18, 2017

Amerisource Funds $250,000 – Transportation Firm

Houston, TX – In mid-August 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $250,000.00 asset based revolver for a transportation firm. The firm was newly established in 2016 and is based in upstate New York.

The firm was seeking a line of credit with their bank to help fund the growth of their business. However, as a start-up, they found it challenging to obtain funds from their bank. After a referral, Amerisource was able to provide a flexible solution and provide the firm with the working capital required to support their continued growth.

Andy Allaire, Amerisource’s Market Manager, stated: “We were pleased to be able to provide this new credit facility. We are helping this newly established trucking company grow the business. Additionally, we are helping their banker as the bank was not able to provide the credit, but they will benefit from the increased deposits.”

Amerisource July 2017

August 10, 2017

Amerisource Funds $1,500,000 – Manufacturing Firm

Houston, TX – In late July 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $1,500,000 asset based revolver for a manufacturing firm. Based in the southeast and established 50 years ago.

The firm was seeking a line of credit with their bank to fund their daily operations. However, due to their balance sheet leverage, the bank was unable to support them. Their banker then referred the firm to Amerisource, who were able to provide an ABL facility with advances based on accounts receivable and inventory. One of the most important determining factors in this instance was the flexible terms that Amerisource was able to offer.

Andy Allaire, Amerisource’s Market Manager, stated: “We were able to meet our client’s exact needs and provide them with a flexible way to obtain the working capital that they needed.”

AB-500K-July2017

August 1, 2017

Amerisource Funds $500,000 – Transportation Firm

Houston, TX – In late July 2017, Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $500,000.00 asset based revolver for an owner operator network transportation firm. Established in 2009, the firm operates a fleet of over 25 trucks and has locations in Texas and New Mexico. The firm required further funding to support their on-going growth and was referred to Amerisource by another factoring company. Amerisource was able to structure a facility that offered the client exactly what they were seeking – outsourced A/R management and billing support to ease some of their employee’s workload off. Amerisource was able to quickly underwrite and propose a unique structure that provides the client exceptional A/R management support.

Allison Billings, Amerisource’s Market Manager, stated “This is a great example of our top-rated A/R management, award winning customer service and ability to structure a facility unique to our client’s needs.”

AB-5MM-July2017

August 1, 2017

Amerisource Funds $5,000,000 – Repair & Maintenance Firm

Houston, TX – Amerisource Funding | Amerisource Business Capital announced the closing and funding of a $5,000,000.00 asset based revolver for a repair and maintenance firm. Established in 2014, the Texas-based firm services the petrochemical industry, refineries and vessel fabricators. The firm required additional funding to support their working capital needs while working on large contracts. This deal was referred from two different sources – a financial broker and the firm’s local banker. The firm’s key-decision makers in this instance were Amerisource’s ability to provide a true floating credit limit which enables continued access to funding as the business grows and a no-contract term.

Allison Billings, Amerisource’s Market Manager, stated “We were able to efficiently complete the underwriting process and get the firm on board quickly. We are excited to be working with the client and provide access to the capital that they need as their business continues to grow.”

Monster Mash

July 19, 2017

Amerisource taking part in Monster Mash Run

Houston, TX – Several members of the Amerisource team will be taking part in the Halloween themed 5k/ 10k Monster Mash Run on Saturday, October 28, 2017. The run will commence at 7.30am from the Karbach Brewery, Houston. The money raised from the event will be donated to a Children’s Charity.

The Monster Mash Run was established in 2008 in Sugar Land, Texas and was moved to the Sam Houston Race Park in 2009. In 2015, RA Sports Management relocated the race to the Karbach Brewery to provide a new USATF certified route and a new experience for our participants.

If you want to join the race or even come to support the runners, click here for more information https://www.monstermashrun.com/index.html

Q2 2017 Review Image

July 10, 2017

Amerisource 2017 2nd Quarter Review

Houston, TX – Check out some of our new Q2 clients!

Fitness Challenge Results

July 5, 2017

Amerisource Fitness Challenge – UPDATE

Houston, TX – After an intense nine weeks, our Amerisource’s 3rd Annual Fitness Challenge is now over. All the participants did really well and consistently tried hard.
17 team members took part, and lost a total of 115.2lbs! This is a fantastic achievement, well-done everyone.

Amerisource is continually committed to encouraging their employees to be fit, healthy and happy. There is a gym on-site, a lunch time walking club, water fountains, and no on-site vending machines to encourage better healthier choices.

4.6x more growth

June 21, 2017

Amerisource Funding Customers Grow 4.6 Times Faster – FACT!

Houston, TX – Recent independent research performed by Dun & Bradstreet identifies that Amerisource Funding | Amerisource Business Capital clients achieve 4.6 times more organic growth. This equates to 14% growth in comparison to 3% from non-Amerisource customers. Amerisource clients also experience a 26% increase in scale which is 2.8 times greater than a non-Amerisource client.

Amerisource’s National Sales Manager, Elliot Smith, states “Our “Freedom to Grow” philosophy is reflected in these excellent results from D&B. The results combined with our already outstanding reputation and exceptional customer testimonials further demonstrate that we really do practice what we preach here at Amerisource!”

Customer Satisfaction Survey Image

June 21, 2017

Question. How Satisfied are Amerisource’s Clients? Answer. VERY!

Houston, TX – At Amerisource, our entire organization is built around our clients. We realize that we have to earn your business every day so to ensure this we seek to exceed your expectations at every stage.

Our client feedback is essential to us. We ask all our new clients to complete a satisfaction survey after 30 days of partnering with us and then again after 180 days. This allows us to identify any issues and quickly resolve them efficiently.

Top 100 Houston Companies

June 19, 2017

Amerisource recognized as one of the top 30 companies in Houston!

Houston, TX – We are delighted, once again, to be recognized as one of the top 30 companies in Houston!

On June 18, 2017, the Houston Chronicle published their list of “Top 100 Companies” in Houston. Amerisource Funding has been identified as number 27 on the list of Privately-Owned Companies.

Established in 1984, Amerisource has featured many times on the list. The list shows the biggest privately held companies headquartered in Houston based on revenue.

Patriot Software_Savings

June 12, 2017

Amerisource and Patriot Software Offer Significant Savings to Amerisource Customers

Houston, TX – Amerisource and Patriot Software have partnered together to offer significant savings to Amerisource current and prospective customers. Patriot offers straightforward and affordable payroll solutions to small businesses. All Amerisource customers are now eligible to receive a discount on the full-service payroll and accounting software available from Patriot. Please click here for more information.

Miguel_Summer Intern 2017

June 5, 2017

Amerisource Welcomes Summer Intern

Houston, TX – The Amerisource team would like to welcome Miguel Machado, our first summer intern! After reviewing many impressive applicants, we eventually chose Miguel because of his eagerness to learn, positive attitude and outgoing personality. Miguel is currently studying Finance at the University of Houston, and he is the president of their Finance Association. He is excited about gaining exposure to all aspects of a privately held commercial lender.

For more information on our Intern program please contact Alicia Pierce on apierce@amerisource.us.com.

New Brochure Website News Image - June 2017

June 1, 2017

New e-Brochure for Amerisource

Houston, TX – We are proud to launch our attractive new 2017 digital brochure. This concise e-brochure contains information on Amerisource, the services that we offer, client testimonials and frequently asked questions. Click here to download your copy. For more information, please contact Kirsty Dodd at kdodd@amerisource.us.com.

Patriot Software

June 1, 2017

Amerisouce partners with Patriot Software

Houston, TX – Amerisouce is proud to be in partnership with Patriot Software. Patriot offers straightforward and affordable online accounting and payroll solutions to small businesses. All Amerisource customers are now eligible to receive a discount on the full-service Payroll and Accounting Software available from Patriot. Please click here for more information.

May 17, 2017

Stand #818 – Visit Amerisource at the Texas Trucking Show!

Houston, TX – Amerisource are pleased to announce that they will be attending the Houston-based Texas Trucking Show 2017. From June 23 – 25, Amerisource will be exhibiting in Hall C, at stand #818, at the NRG Center. Visit the shows website for more information or to obtain a free admission ticket. www.texastruckingshow.com

Walk in the Woods

May 10, 2017

Walk for The Woods Project

Amerisource recently took part in the 6th annual Walk for The Woods Project. The sponsored walk had a great turnout and raised $113,407. The funds will be used support disadvantaged students and help them to achieve future success. One example of this is The Woods Project summer camp. 155 students overcome physical, mental, and emotional challenges by spending two weeks backpacking or paddling through the wildernesses of California, Montana, and Wisconsin. These experiences help the students to gain a bigger world view and the confidence to find success. Amerisource is proud to support this worthwhile cause. If you wish to donate or for more information on The Woods Project please visit http://www.thewoodsproject.org

April 2017 Review Image

April 27, 2017

Springing Forward – Amerisource Funds Even More Firms!

Houston, TX – Throughout April, Amerisource Funding | Amerisource Business Capital announced the closing and funding of numerous new clients. A sample of which includes a Telecommunications firm, a Business and Marketing support firm and an industrial coatings firm. Amerisource is proud to support these businesses and is committed to helping them grow now and in the future.

Going Green

April 24, 2017

Amerisource Goes Green

In honor of Earth Day (22nd April) Amerisource is striving to become more environmentally friendly and reduce our carbon footprint. As a start, we will be purchasing some insulated mugs for our whole team and we will no longer be using polystyrene cups. We are also encouraging less printing, turning off of computers and lights after hours to conserve energy. Watch this space for more GREEN changes!

Keep Fit Image

April 19, 2017

Amerisource Fitness Challenge

Houston, TX – According to the Harvard Medical Schools journal ”Regular exercise releases brain chemicals key for memory, concentration, and mental sharpness”. Billionaire entrepreneur Richard Branson states “I definitely can achieve twice as much by keeping fit”. With this in mind, the Amerisource team will be taking part in their 3rd Annual biggest loser fun competition. There will be a weigh in every week and after 6 weeks the team member who has lost the most weight will win a cash prize!

The Woods Project

April 19, 2017

Amerisource supports the Walk for The Woods Project

The Amerisource team will be taking part in this years The Woods Project 5k fundraiser walk. The Woods Project creates wilderness education and exploration experiences to develop critical behaviors needed for disadvantaged students to achieve success in school and life. The walk takes place on Saturday April 29 at 9am from Ripley House (Houston, TX).

Startup Comp

April 17, 2017

Amerisource Funds 2 New Start-Up Firms

Houston, TX – Amerisource Funding | Amerisource Business Capital announced the closing and funding of two separate $450,000 asset based revolvers. One was a Virginia-based staffing firm and the other a freight brokerage firm operating out of Texas, Oklahoma and Mississippi.

Amerisource 2017 Q1 New Clients

April 14, 2017

Amerisource 2017 1st Quarter Review

Check out some of our new Q1 clients!

Amerisource March 2017 Review

April 3, 2017

Another Great Month for Amerisource

Houston, TX – Throughout March Amerisource Funding | Amerisource Business Capital announced the closing and funding of numerous new clients. A sample of which includes a software firm, an energy firm, a manufacturing firm, a transportation firm and 2 staffing firms. The deals ranged from $250,000 to $3,000,000. Amerisource is proud to support these businesses and is committed to helping the firm grow now and in the future.

AMMBC Logo

March 2017

19th Annual Amerisource March Madness Basketball Challenge

The NCAA College Basketball tournament is fast approaching! AmeriSOURCE invites you to participate in our 19th Annual Amerisource March Madness Basketball Challenge. Enjoy 3 weeks of hoops, slam dunks, fast breaks and nothing-but-NET. It’s easy to play, free to enter and you could have the chance to win some great prizes!

February 28, 2017

Amerisource Continues to Perform

Houston, TX – Throughout February Amerisource Funding | Amerisource Business Capital announced the closing and funding of numerous new clients. A sample of which includes a Hydro-Excavating firm, Pipeline and Inspection testing firm and Transport firm. The deals ranged from $350,000 to $500,000. Amerisource is proud to support these businesses and is committed to helping the firm grow now and in the future.

Amerisource's 19th Annual College Football Challenge

January 2017

Congratulations to our 19th Annual College Football Bowl Challenge Winners

We hope everyone enjoyed our 19th Annual College Football Bowl Challenge. It was an exciting month of football, complete with thrilling upsets and heartbreaking defeats. Thanks again to everyone for participating. We appreciate your support!

Amerisource funds software companies

December 2016

Amerisource Closes $500,000 Facility for Healthcare IT Staffing Company

Houston, TX – Amerisource Funding announced the closing and funding of a $500,000 revolving line of credit for a Florida based healthcare IT staffing company.  Proceeds of the facility are being used to finance growth and ongoing working capital needs.  The Company is a start-up operation that provides high-tech staffing personnel to the healthcare industry.  The owners of the Company had extensive industry experience but needed a financial partner in order to launch.  The Company was referred to Amerisource by its financial consultant.

November 2016

Amerisource Closes $500,000 Facility for Consumer Electronics Distributor

Houston, TX – Amerisource Funding announced the closing and funding of a $500,000 asset based revolver for a New York based importer and distributor of consumer electronics.  The company designs, imports and distributes consumer electronics to major US retailers. After exhausting internal and external funding resources due to its rapid growth, the company’s depository bank suggested Amerisource as an excellent source for its financing.  With Amerisource’s funding and quick turnaround time, the company is able to continue its exponential growth and meet terms with its suppliers. Once again, Amerisource shows they are Financing America’s Fastest Growing Companies®.

Amerisource finances holiday decorations disrtibutor

November 2016

Amerisource Closes $2,000,000 Facility for Holiday Decorations Distributor

Houston, TX – Amerisource Funding announced the closing and funding of a $2,000,000 revolving line of credit for a distributor of holiday decorations based in New Hampshire.  Proceeds of the facility are being used to finance  large seasonal year-end holiday orders, allowing the Company to produce and ship in time for the holiday season.  The Company was referred to Amerisource by its local banker as a flexible solution for the company’s seasonal requirements.  Amerisource’s true floating line gave this Company real Freedom to Grow®.