Amerisource Business Capital announced the closing and funding of a $1,000,000 working capital facility and equity co-investment for a Texas-based technology platform for moving and transportation services. The proceeds were used to provide working capital to support expected rapid growth.

Allison Billings, Market Manager for Amerisource, stated: “We are excited to partner with this private equity group on another transaction.  We structured a facility to replace a high-cost factoring relationship using our revolving borrowing base structure.”  Bill Herrington, EVP of Amerisource added, “We were pleased to provide both  debt and equity to this growing company and dynamic management team.”

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.