Amerisource Closes $14MM Recapitalization and Working Capital Facility for Energy Firm

Amerisource Business Capital announced the closing and funding of a $14 million working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry.  The proceeds will support an ownership transition and anticipated growth.

“We were pleased to assist this leading wireline service company which is led by an experienced and capable management team,” Doug Forbes, market manager for Amerisource, said. “The company sought a ‘one-stop lender’ that would be flexible during its ownership transition and expected expansion.” 

“The expertise of the management team and investment banking sponsor allowed us to convert this foreign-owned firm back to Texas-based family ownership,” Bill Herrington, executive vice president of Amerisource, said. “We look forward to this new partnership and the opportunity to support their future growth.”