Recent Investments


  • Triangle Invests in Gilchrist & Soames

    $35.0 Million in Unitranche Debt

    Gilchrist & Soames designs, manufactures and supplies personal care products to the luxury hospitality market.


  • Triangle Invests in TGaS Advisors

    $11.6 Million in Unitranche Debt and Equity

    TGaS Advisors provides benchmarking services and other information advisory solutions to pharmaceutical companies.


  • Triangle Invests in Orchid Underwriters Agency

    $24.5 Million in Subordinated Debt and Equity

    Orchid is a specialty underwriter of excess and surplus insurance for high-value properties in U.S. and Caribbean coastal regions.


  • Triangle Invests in Halcyon Healthcare

    $15.5 Million in Unitranche Debt and Equity

    Halcyon, based in Atlanta, GA, is a provider of hospice services.


  • Triangle Invests in PlayHaven

    $21.8 Million in Unitranche Debt and Equity

    PlayHaven provides technology to mobile game developers to intelligently manage player acquisition, engagement and monetization.


  • Triangle Invests in Merlin RAMCo

    $15.5 Million in Unitranche Debt and Equity

    Merlin RAMCo provides specialty staffing services to military and civilian offices to support manned and unmanned aircraft programs.


  • Triangle Invests in The Cook & Boardman Group

    Subordinated Debt and Equity Investment

    The Cook & Boardman Group is a specialty distributor of commercial metal and wood doors, door frames, door hardware, and related products, including access control devices and specialty products.


  • Triangle Invests in Tate’s Bake Shop

    $11.0 Million in Subordinated Debt and Equity

    Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States.


  • Triangle Invests in Huron, Inc.

    $13.8 Million in Subordinated Debt

    Huron is a supplier of tubular assemblies and precision machined components for the automotive industry.


  • Triangle Invests in CWS Acquisition Corporation

    $17.6 Million in Subordinated Debt and Equity

    CWS is a manufacturer of custom windows, sliding doors and related products.


  • Triangle Invests in DLC Acquisition, LLC

    $14.0 Million in Unitranche Debt

    DLC is a finance and accounting staffing firm that provides project execution capabilities in financial planning analysis, financial accounting and reporting, financial systems implementation, and process documentation and redesign services.


  • Triangle Invests in GST AutoLeather

    $22.0 Million in Subordinated Debt

    GST AutoLeather is a global supplier of interior leather to the automotive market.


  • Triangle Invests in Wheel Pros

    $11.5 Million in Subordinated Debt and Equity

    Wheel Pros is a national distributor of branded aftermarket wheels and performance tires.


  • Triangle Invests in Frank Entertainment

    Debt and Equity

    Headquartered in Jupiter, Florida, Frank Entertainment is a third generation company operating movie theatre and family entertainment complexes along the eastern seaboard.


  • Triangle Invests in Hickman’s Family Farms

    $15.0 Million in Subordinated Debt

    Hickman’s, owned and operated in Arizona since 1944, is one of the largest egg producers in the United States.


  • Triangle Invests in PCX Aerostructures

    $23.0 Million Investment

    PCX manufactures aerospace components that are used in military and civilian aircraft.


  • Triangle Invests in Cafe Enterprises

    $13.0 Million in Subordinated Debt and Equity

    Cafe Enterprises owns and operates Fatz Cafe restaurants throughout the southeastern U.S., as well as Tablefields in Greenville, SC, and Tavern 24 in Gastonia, NC.


  • Triangle Invests in PetroLiance

    $13.2 Million in Subordinated Debt and Equity

    PetroLiance is a leading value-added, specialty distributor of industrial, commercial and passenger vehicle lubricants, fuel and ancillary products and services.


  • Triangle Invests in AGM Automotive

    $12.5 Million in Subordinated Debt and Equity

    AGM Automotive is a global supplier of automotive interior trim, lighting and electrical components.


  • Triangle Invests in Justrite Manufacturing

    $14.8 Million in Subordinated Debt and Equity

    Justrite designs, develops, and supplies storage, handling, and security products for hazardous materials, as well as environmental protection and spill containment devices.


  • Triangle Invests in On Event Services

    Debt Investment

    Based in Atlanta, On Event Services is a national provider of live event productions and on-site audiovisual services, with offices in ten citites across the United States.


  • Triangle Invests in Danville Materials

    $8.5 Million Investment

    Danville Materials designs, manufactures and sells dental equipment and materials.


  • Triangle Invests in Flowchem

    $8.8 Million in Subordinated Debt and Equity

    Flowchem provides drag reducing additives and support services to crude oil pipeline operators.


  • Triangle Invests in Specialized Desanders, Inc. (formerly Specialized Tech)

    C$14.0 Million in Subordinated Debt and Equity

    Specialized Desanders, based in Canada, provides oil and gas companies with patented equipment that removes sand and other particulates from the production stream of wells to prevent costly and dangerous leaks and blowouts.


  • Triangle Invests in FrontStream Payments, Inc.

    Senior Debt

    FrontStream is a multi-national provider of integrated back-end merchant solutions and front-end payment and donation management products including turnkey solutions that enable clients to increase revenues through point-of-service, mobile, in-person and web acceptance of ACH eChecks and credit/debit cards.


  • Triangle Invests in Water Pik, Inc.

    $10.0 Million Second Lien Term Loan

    Water Pik, Inc. is a leading innovator, marketer and supplier of branded oral health and replacement showerhead products.


  • Triangle Invests in Applied Consultants, Inc.

    $15.0 Million in Subordinated Debt and Equity

    Applied Consultants provides pipeline inspection services to the oil and gas industry. Applied primarily services intrastate gathering systems, which transport oil and gas from wells to a storage facility, processing plant, or shipping point.


  • Triangle Invests in Dyno, LLC

    $7.6 Million in Subordinated Debt and Equity

    Dyno is the exclusive licensee of the Singer brand for sewing accessories and one of the largest producers and marketer of holiday decorative home products in North America.


  • Triangle Invests in Micross Solutions LLC

    $12.1 Million in Subordinated Debt and Equity

    Micross provides die processing, packaging, and related value-added services for high reliability semiconductors.


  • Triangle Invests in AVL Digital Holdings

    $14.3 Million in Subordinated Debt and Equity

    AVL provides manufacturing, distribution, website hosting, digital aggregation, and revenue management services to independent artists in the music industry and increasingly to independent authors in the self-publishing industry.


  • Triangle Invests in Inspection Oilfield Services

    $18.7 Million in Subordinated Debt and Equity

    IOS provides inspection, threading, storage, repair and related services for oil country tubular goods, drill tools and other equipment used in oil and gas drilling, hydraulic fracturing and production.


  • Triangle Invests in Agilex Flavors & Fragrances

    $13.8 Million in Subordinated Debt and Equity

    Agilex Fragrances is a provider of fragrance products and related technical services. The company’s formulations are used in candle and air scents, personal care, household and industrial products.


  • Triangle Invests in Glencoe Business Services

    $20.0 Million in Subordinated Debt

    Glencoe Business Services is a business process outsourcing provider that specializes in printing, fulfillment and call center services.


  • Triangle Invests in Comverge, Inc.

    $16.0 Million in Subordinated Debt and Equity

    Comverge delivers a comprehensive suite of intelligent energy management solutions that enable utilities, grid operators, and commercial and industrial organizations to optimize their energy usage in order to reduce costs, meet regulatory requirements, and support sustainability initiatives.


  • Triangle Invests in Performance Health and Wellness

    $14.5 Million in Subordinated Debt and Equity

    Performance Health is a designer, manufacturer, and marketer of branded rehabilitation and wellness products. The company markets its products under the well-known Biofreeze, Thera-Band, Perform, and Hygenic brand names.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in SeaStar Solutions

    $12.0 Million in Subordinated Debt

    SeaStar Solutions (formerly Teleflex Marine) is a leading global provider of aftermarket and OEM products for the recreational marine market.

    Recapitalization Financing in Support of a Sponsor


  • Triangle Invests in DCWV

    $6.0 Million in Subordinated Debt

    DCWV is a branded designer, marketer, and supplier of arts and crafts, do-it-yourself jewelry, and home decor products.


  • Triangle Invests in Parts Now!, LLC

    $12.0 Million in Subordinated Debt and Equity

    Parts Now distributes original equipment manufacturer and aftermarket printer parts to service companies that repair printers and office equipment.


  • Triangle Invests in My Alarm Center

    $10.0 in Subordinated Debt and Equity

    My Alarm Center LLC d/b/a Alarm Capital Alliance, a nationwide security company, provides resources to independent alarm companies, as well as advanced security services and home automation to households and businesses.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in Empire Facilities Services

    $5.3 Million in Unitranche Debt and Equity

    Empire is a retail, restaurant, and commercial facilities maintenance and management company offering single-source facilities solutions across the continental United States, Hawaii, Alaska, Puerto Rico, Canada and the Virgin Islands.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in DataSource

    $9.5 Million in Subordinated Debt and Equity

    DataSource is a provider of outsourced supply chain management services for printed marketing materials for over 1,650 customers in three general segments: Commercial, Restaurant & Hospitality and Automotive.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in Eckler’s

    $7.2 Million in Subordinated Debt and Equity

    Eckler’s is a large multi-channel marketer of restoration parts and accessories for classic and enthusiast cars and trucks. Eckler’s products are primarily marketed to consumer enthusiasts and small business classic car restorers.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in All Aboard America!

    $10.0 Million in Subordinated Debt and Equity

    All Aboard America! is a large regional motor coach operator that provides commuter, charter, sightseeing, and scheduled route services in both the Southwestern and Southern United States.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in CIS Secure Computing

    $10.5 Million

    CIS designs and modifies commercial off-the-shelf information technology equipment to meet military and intelligence community requirements. CIS’s products consist of secure communications, computing, and network hardware.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in Plantation Products

    $21.7 Million in Subordinated Debt and Equity

    Plantation Products distributes flower and vegetable seed packets and products to retailers.

    Acquisition Financing


  • Triangle Invests in TrustHouse Food Services

    $25.8 Million in Subordinated Debt and Equity

    TrustHouse provides on-site contract food service for educational institutions, healthcare institutions, and corrections facilities.

    Acquisition Financing


  • Triangle Invests in Tomich Brothers Seafoods

    $7.0 Million in Subordinated Debt

    Tomich is a processor and world-wide distributor of seafood indigenous to the waters of California.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in Chromaflo Technologies

    $18.5 Million in Supordinated Debt and Equity

    Chromaflo Technologies is the largest independent global pigment dispersion provider to the architectural and industrial coatings and thermoset composites industries.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in WSO Holdings, LP

    $23.0 Million in Subordinated Debt and Equity

    WSO is a supplier of organic and natural sweeteners to retail, food service, and industrial food manufacturers in the U.S. and Canada.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in United Allergy Services

    $22.0 Million in Unitranche Debt and Equity

    United Allergy Services provides trained staff and clinical services in support of primary care physicians offering advanced allergy care.

    Buyout Financing in Support of a Sponsor.


  • Triangle Invests in Krystal

    $14.2 Million in Subordinated Debt and Equity

    Krystal is a quick serve restaurant with company-owned units and franchises throughout the country and is widely recognized for it’s well-known KRYSTAL Burgers.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in ROM Corporataion

    $8.5 Million in Subordinated Debt

    ROM manufactures roll-up shutter doors for emergency vehicle storage compartments, emergency scene lighting products, truck and trailer access equipment such as ramps and steps, and other related emergency vehicle and industrial components.

    Acquisition Fianancing in Support of a Sponsor


  • Triangle Invests in Stella Environmental Services

    $6.3 Million in Subordinated Debt with Warrants

    Stella is an operator of waste transfer stations and disposal logistics for municipal solid waste.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in Trinity Consultants

    $8.2 Million in Subordinated Debt and Equity

    Trinity is an environmental consulting company that specializes in industrial air quality issues and offers consulting, software, and training in air quality, including dispersion modeling, permitting, and compliance assessments.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in WorkForce Software

    $8.0 Million in Subordinated Debt and Equity

    WorkForce provides enterprise clients with software solutions to manage employee time and labor schedules, control and manage employee absences, create employee schedules, and track employee compliance.

    Growth Financing in Support of a Sponsor


  • Triangle Invests in Venture Technology Groups

    $6.4 Million in Subordinated Debt and Equity

    Venture Technology Group is a distributor of valves, actuators, regulators, and other flow control devices for use in a variety of industries.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in Magpul

    $14.8 Million in Subordinated Debt and Equity

    Magpul designs, assembles, and markets aftermarket components and accessories including magazines, trigger guards, grips, and stocks for various firearms.

    Buyout Financing in Support of a Sponsor


  • Triangle Invests in TrustHouse Services Group

    $9.1 Million in Additional Subordinated Debt and Equity

    TrustHouse Provides outsourced food management services to educational institutions, healthcare facilities, and businesses primarily located in the Northeast, Mid-Atlantic and Midwestern regions of the U.S.

    Acquisition Financing in Support of a Sponsor


  • Triangle Invests in ReNew Life

    $13.8 Million in Subordinated Debt

    ReNew Life manufactures branded digestive health products including cleansing and detoxification systems, probiotics, enzymes and essential oils for retailers throughout the U.S.

    Recapitilization


  • Triangle Invests in Main Street Gourmet

    $5.3 Million in Subordinated Debt, Junior Subordinated Debt, Warrants and Equity

    MSG is a wholesale bakery that develops, produces and sells a broad line of bakery products. Customers include fast casual restaurants, bakery/cafes, coffee chains, family restaurants, grocery retailers, and broad-line distributors.

    Buyout Financing in support of a sponsor


  • Triangle Invests in The Main Resource

    $5.0 Million in Subordinated Debt with Warrants

    TMR sells a wide range of automotive supplies, repair items and replacement parts used in automotive service garages.

    Buyout Financing in support of a sponsor


  • Triangle Invests in DLR Restaurants, LLC

    $9.0 Million in Senior Subordinated Debt

    DLR operates Dick’s Last Resort restaurants with multiple locations throughout the United States. DLR offers a unique dining experience with an interactive wait staff that entertains customers throughout the meal with tasteful humor.

    Growth Financing in support of a sponsor


  • Triangle Invests in United Retirement Plan Consultants

    Subordinated Debt and Equity

    URP is a national provider of retirement plan design, consulting, administration, and pension actuarial services for small and medium-sized businesses.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Home Physicians Management

    $11.5 Million in Senior and Junior Subordinated Debt

    Home Physicians is a provider of primary care physician services and podiatry services in homes and assisted living facilities.

    Recapitalization in support of a sponsor


  • Triangle Invests in Captek Softgels, Inc.

    $8.8 Million in Subordinated Debt and Equity

    Captek is an integrated manufacturer, packager and marketer of custom designed softgel nutraceutical products.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Pomeroy IT Solutions

    $10.0 Million in Subordinated Debt

    Pomeroy is a provider of information technology infrastructure outsourcing services.

    Recapitalization in support of a sponsor


  • Triangle Invests in Capital Contractors, Inc.

    $9.0 Million in Subordinated Debt with Warrants

    Capital Contractors is a provider of outsourced janitorial, repair and facilities maintenance services in the US and Canada.

    Recapitalization in support of a sponsor


  • Triangle Invests in Plantation Products, Inc.

    $15.7 Million in Subordinated Debt and Equity

    Plantation is a leading provider of packaged vegetable, wildflower and lawn seeds and seed starting products.

    Buyout Financing in support of a sponsor


  • Triangle Invests in SRC, Inc.

    $9.0 Million in Senior Subordinated Debt with Warrants

    SRC is the sole North American producer of low-moisture anhydrous magnesium chloride and fused magnesium flux and is also a provider of blended magnesium flux and magnesium chloride solution.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Ann’s House of Nuts

    $10.0 Million in Subordinated Debt and Equity

    Ann’s, based in Columbia, Maryland, is the largest manufacturer and marketer of trail mixes in North America.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Top Knobs USA, Inc.

    $10.6 Million in Subordinated Debt and Equity

    Top Knobs is a leading manufacturer of decorative hardware for the professional market, and offers one of the industry’s most extensive lines of premium quality cabinet, drawer, and bath knobs, pulls and other hardware.

    Acquisition Financing in support of a sponsor


  • Triangle Invests in Infrastructure Corporation of America

    $10.8 Million in Subordinated Debt with Warrants

    ICA maintains public transportation infrastructure, including roadways, bridges, toll ways, rest areas and welcome centers.

    Acquisition Financing


  • Triangle Invests in McKenzie Sports Products, LLC

    Subordinated Debt

    McKenzie is the largest designer and manufacturer of taxidermy forms and supplies used to mount hunting and fishing trophies in the United States.

    Recapitalization in support of a sponsor


  • Triangle Invests in AP Services

    $6.7 Million in Subordinated Debt and Equity

    AP Services, headquartered in Freeport, Pennsylvania, is a supplier of gaskets, packing, and other fluid sealing technologies and services to power plants and original equipment manufacturers.

    Buyout Financing in support of management


  • Triangle Invests in Carolina Beverage Group

    $14.0 Million in Subordinated Debt and Equity

    Carolina Beer & Beverage is a co-packer for some of the largest and fastest growing national and international beverage companies, producing well known energy drinks, flavored malt beverages, organic and natural beverages and other ready-to-drink beverages.

    Acquisition Financing in support of a sponsor


  • Triangle Invests in Hatch

    $5.5 Million in Subordinated Debt with Warrants

    Hatch Chile is a food products company that distributes branded, green chile based cooking sauces and related canned chile and tomato products for retail customers, primarily in the Southwestern United States.

    Management Buyout


  • Triangle Invests in Energy Solutions

    $9.5 Million in Subordinated
    Debt and Equity

    Energy Solutions is a leading global supplier of pipeline management software for the oil and gas industry.

    Acquisition Financing in support of a sponsor


  • Triangle Invests in Great Expressions Dental Centers

    $5.0 Million in Subordinated Debt and Equity

    Established in 1982, Great Expressions Dental Centers is one of the fastest growing dental practice management companies in the U.S. with locations in Florida, Michigan, Georgia, Virginia, Massachusetts and Connecticut.

    Acquisition Financing in support of a sponsor


  • Triangle Invests in Minco Technology Labs

    $5.5 Million in Subordinated Debt and Equity

    Headquartered in Austin, Texas, Minco is a processor, packager, and distributor of semiconductors for use in military, space, industrial, and other high temperature, harsh environments.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Media Temple

    $12.0 Million in Subordinated Debt and Convertible Debt

    Media Temple is an industry-leading, privately held, Web hosting and virtualization service provider based in California that provides businesses worldwide with reliable, professional-class services to host websites, email, business applications, and other rich Internet content.

    Growth Financing


  • Triangle Invests in Botanical Laboratories

    $10.5 Million in Subordinated
    Debt with Warrants

    Botanical Laboratories develops, manufactures, markets and distributes branded and private label vitamins, minerals and nutritional supplements through 40,000 retail locations within the U.S. and six international countries. Botanical Laboratories, with offices in Ferndale, Washington, has been providing products under its Wellesse brand of liquid supplements since 1988.

    Recapitalization


  • Triangle Invests in Zoom Systems

    $8.0 Million in Subordinated Debt

    ZoomSystems partners with leading brands to implement networks of fully automated retail kiosks in high-traffic locations such as airports, shopping centers, supermarkets and retail stores.

    Growth Financing


  • Triangle Invests in Anesthesia Services Provider

    $8.0 Million in Subordinated Debt with Warrants

    Leading physician management company that provides contracted outsourced anesthesiology services to hospital and medical centers in the Midwest.

    Buyout Financing in support of a sponsor


  • Triangle Invests in CRS Reprocessing Services

    $12.0 Million Subordinated Debt Commitment

    CRS Reprocessing is a global provider of on-site fluid reprocessing services for the solar power and semiconductor industries as well as aluminum cold rolling operations.

    Growth Financing


  • Triangle Invests in Grindmaster-Cecilware

    $5.8 Million in Subordinated Debt

    Grindmaster-Cecilware is a leading designer, manufacturer and distributor of a broad line of beverage dispensing, cooking, and other equipment for the convenience store and commercial foodservice market.

    Acquisition Financing in support of a sponsor


  • Triangle Invests in Technology Crops International

    $5.5 Million in Subordinated Debt and Equity

    Technology Crops International works with customers to develop and maintain supply chains for high value, plant derived oils and oil seeds used as manufacturing ingredients in the food, chemical, cosmetics, and pharmaceutical industries.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Frozen Specialties

    $12.5 Million in Subordinated Debt

    Frozen Specialties is the leading manufacturer of private label frozen pizzas and pizza bites, sold primarily through the retail grocery channel.

    Debt Recapitalization in support of a sponsor


  • Triangle Invests in Tulsa Inspection Resources

    Tulsa Inspection Resources is a leading independent provider of pipeline inspection services for the oil and gas industry.


  • Triangle Invests in Inland Pipe Rehabilitation

    $3.8 Million in Subordinated Debt

    Inland Pipe is the market leader for pipe bursting services, one of the two primary ways to rehabilitate the country’s deteriorating wastewater infrastructure. The company is also an experienced installer of cured-in-place pipe, and the only proven installer of Rib Loc spiral-wound pipe lining technology.

    Follow-on financing


  • Triangle Invests in CV Holdings, LLC

    $16.0 Million in Subordinated Debt

    CV Holdings designs, develops, manufactures and markets customized, application specific, high performance, injection molded plastic products and is a leading supplier of proprietary packing solutions with over 250 patents.

    Recapitalization


  • Triangle Invests in Novolyte Technologies

    $7.8 Million in Subordinated Debt and Equity

    Novolyte is a leading manufacturer of electrolytes used in the manufacture of lithium ion batteries, as well as high performance intermediates for other key end products.

    Buyout financing in support of a sponsor


  • Triangle Invests in A Leading Marketing Company

    $4.0 Million in Subordinated Debt

    Investment in a large, well established, national
    producer of consumer mailing services for
    clients in the insurance, travel, retail, and
    financial services sectors.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Emerald Waste Services

    $12.2 Million in Subordinated Debt and Equity

    Emerald Waste Services is the largest independent provider of non-hazardous municipal waste management services in the Florida, Alabama, and Mississippi Gulf Coast region.

    Buyout Financing in support of a sponsor


  • Triangle Invests in Inland Pipe Rehabilitation

    $8.0 Million

    Subordinated Debt and Warrants

    Buyout financing in support of a sponsor


  • Triangle Invests in Wholesale Floors Inc.

    $3.5 Million

    Subordinated Debt and Warrants

    Buyout financing in support of a sponsor


  • Triangle Invests in Jenkins Restorations

    $9.4 Million

    Subordinated and Convertible Debt

    Buyout financing in support of a sponsor


  • Triangle Invests in American De-Rosa Lamparts & Hallmark Lighting, LLC

    $8.0 Million

    Subordinated Debt

    Recapitalization in support of a sponsor


  • Triangle Invests in Yellowstone Landscape Group

    $13.0 Million

    Subordinated Debt

    Buyout financing in support of a sponsor


  • Triangle Invests in ESP

    $4.3 Million

    Senior and Subordinated Debt and Equity

    Buyout financing in support of a sponsor


  • Triangle Invests in TrustHouse Services Group

    $4.7 Million

    Subordinated Debt and Equity

    Buyout financing