Today, Pattison announced the closing of a $17 million credit facility funded by Amerisource Business Capital.
CLAYTON, IOWA
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About Pattison
We're located in northeast Iowa. The company operates a mine that is ideally located with direct access to the main line of the Canadian Pacific Railroad, the Mississippi River and a Trans load on the WSOR/BNSF. Pattison has been mining industrial sand since 2007 and producing construction aggregate since 2017. Spanning 750 acres, Pattison's facility has production capacity for the next 30 years. This facility has tremendous growth potential by linking Rail to River to low cost underground storage to railcar storage. Working across several industries and services, each industry will balance the other's business cycles, providing greater stability for co-workers and customers.
The company is wholly owned by the Pattison family. The family has successfully owned and operated businesses since 1950. The company and co-workers have consistently proven their commitment to their customers, employees, community, industry and the environment. The Pattison team has a deep passion for bringing value to customers, taking pride in their innovation and adaptability.
In 2020 Pattison initiated its railcar storage business to reduce car storage costs. This has turned into a huge opportunity to diversify from frac sand cycles by providing storage for rail cars used for sand, rock and other products. This exemplifies Pattison's industry-changing innovation that adds value for our customers. Providing multiple services at one location lowers costs for all those requiring rail storage or loading.
Our sand and aggregate businesses are growing. We are exploring new and exciting initiatives. With adequate capital, our great team of co-workers and an enlarging circle of loyal customers, we at Pattison are now positioned for strong growth going forward.
