Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a manufacturer of lift and power management systems in Texas.  The proceeds were used to refinance existing bank debt and to provide additional growth capital.

Allison Billings, Regional Market Manager for Amerisource, stated: “We are very excited to welcome this company as an Amerisource client. The management team has a ton of experience in this industry, and they were a pleasure to work with throughout the process.  Bill Herrington, EVP of Amerisource added, “the private equity group backing this company is a leader in the power management space and we are looking forward to our continued partnership with them.”