Amerisource Business Capital is pleased to announce the successful closing and funding of a $7,000,000 working capital/acquisition facility for a Texas-based equipment service provider to the oil and gas industry. The acquisition will triple the size of the firm.

Bill Herrington, EVP at Amerisource, stated “We are pleased to support this respected independent sponsor on a recent acquisition. Our ability to move quickly and to prepare the documentation internally allowed the firm to quickly close with limited closing costs.”

About Amerisource Business Capital Amerisource is a leading independent direct lender and provider of capital to small and lower middle market businesses seeking senior debt and equity for growth capital, turnaround, or special situations. Founded in 1984, we’ve provided over $2 billion in financing to over 1,600 companies across the US and Canada. Our deep experience and expertise in complex situations allow us to deliver creative structures that maximize liquidity for our clients.