Amerisource announced the closing and funding of a $1.5 million credit facility for a distributor of machinery and drilling parts based in Colorado.

The financing was provided in conjunction with a buyer’s purchase of the business. This successful company had been in business since 1979 and was virtually debt free. Amerisource and two banks were brought in to leverage the company’s balance sheet and better position it for growth. The buyer group was referred to Amerisource as a creative and flexible lender to partner in the acquisition.

Founded in 1984 and headquartered in Houston, Texas, Amerisource is one of the largest and fastest growing independent commercial finance companies in the country.