Amerisource Business Capital closed and funded a $10,000,000 credit facility for a Texas-based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.
Joseph Petri, Regional Market Manager for Amerisource, stated: “For more than four decades, this company has set the standard for engineering and manufacturing of instrumentation.” Bill Herrington, EVP of Amerisource added, “We partnered with a commercial bank to deliver a structure which included leveraging the real estate, equipment and working capital assets of the company. We are looking forward to working with this excellent management team.”