Austin Financial Services Closes a $4MM Facility for Downhole Drilling Service and Equipment Solutions Company

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility, complemented by an M&E term loan, to support an equity group’s acquisition of an integrated downhole drilling service and equipment solutions company. 

The company operates in the high-growth oil and gas, geothermal, and mining industries, providing essential services and equipment solutions that drive growth in these sectors. To complete the acquisition, the equity group sought a strategic lending partner capable of delivering tailored debt financing.

Proceeds from AFS’ revolver not only funded the acquisition but will also provide essential working capital to support ongoing operations and future growth.

Jason Anish, President & CEO said, “We are proud to have delivered a flexible financing solution tailored to the unique needs of both the equity group and the company, ensuring a smooth acquisition process within the required timeline. Our ability to structure creative lending solutions allows businesses to execute strategic growth initiatives with confidence.” He continued, “We look forward to supporting their continued success as they expand their reach and impact."

About Austin Financial Services (AFS)

Headquartered in Los Angeles, Austin Financial Services (AFS) is a privately held, nationwide leader in asset-based lending, serving the lower-middle-market sector for over 40 years. Specializing in non-bank financing options, AFS provides fast and flexible lines of credit to small and medium-sized businesses that are experiencing growth or undergoing a turnaround. Clients typically have revenues ranging from $10MM to $250MM and have borrowing needs of up to $20MM. AFS’s comprehensive portfolio includes flexible revolving lines of credit secured by accounts receivable and inventory, along with term loans secured by equipment.

www.austinfinancial.com