2015-06-18
Maria Esquinca - Now armed with up to $10 million in private equity for acquisitions, AmeriSource Industrial Supply Co. said it’s poised to increase revenue 600 percent in the next five years. CEO Lou Ray said he expects revenue at his Detroit-based company to grow from a projected $25 million this year to $125 million by 2020 as AmeriSource plans to acquire companies in the Midwest. “The private equity investment (from Detroit-based American Revitalization Partners) that closed this past Friday,