Year in Review 2023
Houston, TX - March 14, 2024
We experienced strong loan growth across our entire portfolio in 2023. This was fueled by expanding our product and service capabilities in key markets, combined with persistent uncertainty in the banking sector not seen since the 2008 financial crisis. The failure of three major U.S. financial institutions led many banks to pare back middle-market lending to preserve liquidity. We continued to focus on lower middle market opportunities in growth sectors underserved by traditional banks. We further expanded our bridge loan product and equity co-investment platform through partnerships with select private equity investors and independent sponsors. Amerisource’s continued success would not be possible without our client’s and referral partners’ support and confidence, and we are grateful for those partnerships. We expect another year of significant growth and expansion in 2024 in our products, markets, and relationships. Bill Herrington, EVP.
Amerisource Business Capital Strengthens Team with Recent Appointment
Houston, TX - March 11, 2024
Jeff has over 20 years of experience in commercial finance and asset-based lending solutions to small and middle-market businesses across the country. Based in St. Louis, Missouri, Jeff is actively involved in the TMA and ACG throughout Missouri, Illinois, Wisconsin, and Minnesota.
"We are very pleased to welcome Jeff to our team," said Bill Herrington, EVP, "His knowledge and experience will be invaluable as we continue to expand our offerings and serve our clients throughout the U.S. We are confident that Jeff will play a key role in driving our company forward."
Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry. The proceeds were used to enable the Company to strategically acquire a competitor to enhance its growth throughout Texas and Oklahoma.
Doug Forbes, Market Manager for Amerisource, stated: “We are excited to help our client, one of the leading wireline service companies in the industry, acquire a leading competitor that will expand their product lines and profitability.”
Amerisource Closes $10,000,000 Acquisition Facility for Existing Client
Houston, TX - January 23, 2024
Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry. The proceeds were used to enable the Company to strategically acquire a competitor to enhance its growth throughout Texas and Oklahoma.
Doug Forbes, Market Manager for Amerisource, stated: “We are excited to help our client, one of the leading wireline service companies in the industry, acquire a leading competitor that will expand their product lines and profitability.”
Year-to-Date Review 2023
Houston, TX - October 12, 2023
|
|
|
|
|
