Amerisource Business Capital announced the closing and funding of a $3,000,000 asset-based revolver for a Texas-based specialty pumping services firm. The proceeds were used to support the company’s growth.

Bill Herrington, EVP of Amerisource stated, “We were happy to provide the capital needed to support this company’s growth objectives. We also have a particularly strong relationship with the independent sponsor on this transaction for both senior debt and equity co-investments, and we were pleased to be able to deliver a very flexible solution for them, which began with a bridge facility last year.” Andy Allaire, Senior Vice President for Amerisource, added: “The company is growing rapidly and we were pleased to quickly provide a working capital facility to fund their growth and expansion.”

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.