Danville Materials receives $8.5M investment from North Carolina's Triangle Capital
Triangle Capital Corp announced today that it has completed an $8.5-million investment in San Ramon, California-based firm Danville Materials LLC. The said amount was a combination of senior debt and equity, according to GlobeNewswire.
North Carolina-based Triangle is a company that provides capital to lower middle market firms to fund their growth, control changes, and other corporate events. Danville, on the other hand, is a designer, manufacturer, and seller of dental materials and equipment, the report detailed.
Triangle aims to gain attractive returns from debt and equity related investments. The company primarily focuses on mezzanine financing, the report added.
The investment firm partners with business owners to provide flexible financing solutions for its clients. The company usually invests between $5 million and $35 million in every transaction in companies with annual revenue range of $20 million to $200 million and EBITDA (earnings before interest, taxes, depreciation, and amortization) of $5 million to $35 million, GlobeNewsire reported.