Amerisource Business Capital closed and funded a $2,000,000 senior credit facility for an Indiana-based contract manufacturing firm which provides powder coating, industrial painting, and related tubing products. The proceeds were used to fund the acquisition of the firm by a private investor.
Andy Allaire, Senior Vice President for Amerisource, stated: “We were pleased to welcome this new client to the Amerisource family. The ownership has a proven track record of acquiring and growing underperforming businesses. We look forward to supporting their future growth.”