Amerisource Business Capital closed and funded a $1,000,000 working capital facility and Equity Co-Investment for a Texas-based technology platform for moving and transportation services. The proceeds were used to provide working capital to support expected rapid growth.
Allison Billings, Market Manager for Amerisource, stated: “We are excited to partner with this private equity group on another transaction. We structured a facility to replace a high-cost factoring relationship using our revolving borrowing base structure.” Bill Herrington, EVP of Amerisource added, “We were pleased to provide both debt and equity to this growing company and dynamic management team.”