St. Paul, Minn.-based United Subcontractors Inc. has secured a $35 million line of credit from Wells Fargo, according to a release from the company. The new line of credit will provide USI with funds for working capital, general corporate purposes and certain acquisitions, according to USI president and CEO L.W. Varner Jr.
“The continuing recoveries in the housing and commercial real estate sectors are driving healthy demand for our services,” says Varner. “This new line of credit provides us with the financial flexibility to pursue our plans for balanced growth both in existing and new markets.”