Amerisource Business Capital Funds $10MM Credit Facility for Engineering Firm

Amerisource Business Capital closed and funded a $10,000,000 credit facility for a Texas-based design, engineering and manufacturing firm, which used the proceeds to provide working capital for growth.

“For more than four decades, this company has set the standard for engineering and manufacturing of instrumentation,” Joseph Petri, regional market manager for Amerisource Business Capital, said. 

“We partnered with a commercial bank to deliver a structure which included leveraging the real estate, equipment and working capital assets of the company,” Bill Herrington, executive vice president of Amerisource Business Capital, said. “ We are looking forward to working with this excellent management team.”