AloStar Capital Finance has provided a $11.8 million loan to Tennessee-based American-Marsh Pumps, a provider of pumping applications. Butler Snow Advisory provided assistance on the transaction.
ATLANTA (August 16, 2018) – AloStar Capital Finance successfully closed an $11.8 million committed credit facility to American-Marsh Pumps (“American-Marsh”), a global supplier and manufacturer specializing in pumping applications.
“American-Marsh is pleased to establish this business partnership with AloStar. Their desire to understand our business and growth plans differentiated them in the marketplace, and made them the best fit for us,” said Dennis Barbour, president of American-Marsh. “The entire team at American-Marsh looks forward to a long-lasting relationship with AloStar, built on trust and understanding of the dynamic environment in which we operate.”
Founded in 1972 and headquartered in Collierville, Tennessee, American-Marsh is a manufacturer, assembler and distributor of centrifugal and positive displacement pumps, electrical motors, mechanical seals and fire protection fittings, couplings and pumping equipment.
“After thoughtfully considering American-Marsh’s business goals, our team of lenders was able to deliver a creatively structured facility in support of the company’s growth objectives,” said Andy McGhee, president of AloStar Capital Finance. “We’re pleased to offer a solution that meets the company’s needs and we look forward to watching American-Marsh build on its success.”
Butler Snow Advisory (“BSA”) provided assistance on the new transaction. BSA specializes in providing executive-level strategic guidance to private, family owned and closely held companies, and has offices in Memphis, Nashville, Birmingham, New Orleans and Jackson, Mississippi. BSA works with clients to address their most critical challenges, helping to lead their businesses through periods of growth and transformation.
“The entire AloStar team was a pleasure to work with throughout the process of establishing this new credit facility. They displayed a genuine interest in American-Marsh, and did a great job providing a solution that was customized to our needs,” said Scott Stone, principal of BSA. “The American-Marsh team has delivered outstanding results in the face of market fluctuations, and this new facility will ensure that ample capital exists to support future growth. Butler Snow Advisory is pleased to have partnered with American-Marsh and AloStar Bank to forge this new relationship.”
To learn more about AloStar Capital Finance visit BusinessCredit.AloStarBank.com
About AloStar Capital Finance
AloStar Capital Finance provides capital and counsel to business leaders across America who are creating their own success stories. Through our Asset-Based and Lender Finance platforms, we create customized lending solutions for customers with capital requirements up to $60 million. To date, AloStar has closed more than 180 deals with commitments totaling more than $2.3 billion. At AloStar, you’ll have direct access to decision makers with deep capital industry experience who are responsive, flexible and eager to help you write your success story.
AloStar Capital Finance is a division of State Bank and Trust Company, Member FDIC. For more information, visit www.AloStarBank.com.