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.”

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.