Amerisource Closes $10,000,000 Acquisition Facility for Existing Client

January 18, 2024

Source: Amerisource Business Capital

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
Founded in 1984, Amerisource is a direct lender and capital provider to growing businesses throughout the United States with borrowing needs up to $25 million. Amerisource is one of the largest independent finance companies in the nation, having provided over $2.1 billion in capital to over 1,600 companies across the U.S. Our deep experience and expertise in complex situations allow us to deliver creative solutions that maximize liquidity and flexibility for our clients. Amerisource has clients and offices located throughout the United States.