– USA, NC – Triangle Capital Corporation (NYSE:TCAP), a leading provider of capital to lower middle market companies, announced today that its Board of Directors has appointed E. Ashton Poole, 50, as Chairman of Triangle’s Board of Directors, effective immediately. Garland S. Tucker, III, 69, the Company’s former Chairman, will continue to serve on the Company’s Board of Directors.
In commenting on the appointment, Triangle’s Lead Director, Simon B. Rich, Jr., stated, “The full Board is delighted that Ashton is taking on the role of Chairman in addition to his existing role as President and CEO. This promotion is a testament to the Board’s confidence in Ashton’s leadership of the Company and his ability to bring strategic focus as Triangle’s footprint continues to expand. The Board also joins me in expressing our sincere gratitude to Garland for his service and leadership throughout Triangle’s first decade, and we are pleased he will remain a Director of the Company.”
About Triangle Capital Corporation
Triangle Capital Corporation invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events. Triangle offers a wide variety of investment structures with a primary focus on mezzanine financing with equity components. Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions. Triangle typically invests $5.0 million – $50.0 million per transaction in companies with annual revenues between $20.0 million and $300.0 million and EBITDA between $5.0 million and $75.0 million.
For more information : http://www.tcap.com
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