Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry. The proceeds were used to enable the Company to strategically acquire a competitor to enhance its growth throughout Texas and Oklahoma. Doug Forbes, Market Manager for Amerisource, stated: “We are excited to help our client, one of the leading wireline service companies in the industry, acquire a leading competitor that will expand their product lines and profitability.”

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.