Amerisource Business Capital closed and funded a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry.  The proceeds will support an ownership transition and anticipated growth.

Doug Forbes, Market Manager for Amerisource, stated: “We were pleased to assist this leading wireline service company which is led by an experienced and capable management team.  The company sought a ‘one-stop lender’ that would be flexible during its ownership transition and expected expansion.” 

Bill Herrington, EVP of Amerisource, added, “The expertise of the management team and investment banking sponsor allowed us to convert this foreign-owned firm back to Texas-based family ownership. We look forward to this new partnership and the opportunity to support their future growth.”