Great Rock Capital Upsizes Mersino Management Credit Facility to $50.0 Million
Additional capital to drive Mersino’s continued growth initiatives
Westport, CT – December 2, 2021 — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has expanded its senior secured credit facility for Mersino Management, providing an additional $10.0 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.
The increased borrowing capacity provides Mersino with additional liquidity and flexibility to support their growing platform. The facility includes a traditional term loan, as well as a revolver and delayed draw term loan.
“Great Rock continues to be a vital financial partner as we expand the Mersino platform,” said Gino Mersino, Chief Executive Officer of Mersino Management. “For almost five years, they have understood our growth potential and have provided the necessary flexibility and liquidity to allow us to capitalize on strategic business expansions.”
“Mersino has a superior management team that has proven time and again their ability to successfully branch out into new business lines,” said Stuart Armstrong, CEO of Great Rock Capital. “We truly value our long-standing partnership with Mersino and look forward to playing a part as they achieve new levels of success.”
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible, and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans. To learn more, visit www.greatrockcapital.com
About Mersino Management
Mersino, founded in 1988 by Rod Mersino, is a specialty services contractor that supports operations in a wide variety of markets where clients require a single source solution for various pumping application. Coming from an extensive background in contract dewatering in the early days of the business, Mersino evolved into a vertically integrated company by manufacturing world class pumping equipment under the Global Pump brand as means to support their own operations. Today, Mersino supplies their robust product line of diesel pumps to distributors all over the world, while utilizing the very same type of pumping equipment from their own extensive fleet and branch network to serve end users directly for temporary use all throughout North America www.mersino.com or 866.MERSINO