Triangle Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

Triangle Capital’s most common sectors for investment arefood (9%) and consumer products (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (36%) and recapitalization (18%). In total, Triangle Capital has invested in 33 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2015 when it acquired Baker Hill for $100M.

In the last 3 years, Triangle Capital has exited 1 company. The Firm’s most common exit type is trade sale (49%). Triangle Capital’s largest (disclosed) exit occurred in 2014 when it sold Flagstone Foods for $860M.

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M&A Summary

M&A Total Activity186
- M&A Buy Activity114
- M&A Sell Activity72
Total Sectors Invested 36
Total Countries Invested 3
M&A Buy/Sell Connections 109

Triangle Capital Corp.

3700 Glenwood Avenue, Suite 530,
Raleigh, North Carolina 27612
United States
(919) 719-4770
www.tcap.com

Transaction Criteria	Min	Max
Target Revenue	20	300
Target EBITDA	5	75
Investment Size	5	30
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

300

Target EBITDA

Investment Size

Enterprise Value

values in millions of USD

Year	≤ '20	'21	'22	'23	'24	'25	T
Buy (0.2/yr)	#	113	1	-	-	-	-	114
vol	$184M						$184M
Sell (0.6/yr)	#	69	2	-	1	-	-	72
vol	$2.9B						$2.9B
	186

Year

≤ '20

'21

'22

'23

'24

'25

Buy (0.2/yr)

113

114

vol

$184M

Sell (0.6/yr)

vol

$2.9B

186

Company	Date	Value	Type
Baker Hill Corp.	2023-06-21	-	Secondary Sale
Carmel, Indiana · www.bakerhill.com
PCX Aerostructures LLC	2021-04-26	-	Secondary Sale
Newington, Connecticut · www.pcxaero.com
Bourn Bioscience Ltd.	2021-01-11	-	Secondary Buyout
Cambridge, United Kingdom · www.bournhall.co.uk
Community Intervention Services, Inc.	2021-01-05	-	Bankruptcy
Brockton, Massachusetts · www.communityinterventionservices.com
DataSource, Inc.	2020-06-24	-	Merger
Kansas City, Missouri · www.data-source.com
Centerfield Media Holdings LLC	2020-01-21	-	Secondary Sale
Los Angeles, California · www.centerfield.com
The Krystal Co.	2020-01-19	-	Bankruptcy
Dunwoody, Georgia · www.krystal.com
Custom Window Systems, Inc.	2019-10-03	-	Trade Sale
Ocala, Florida · www.cws.cc
Main Street Gourmet LLC	2019-09-19	-	Trade Sale
Cuyahoga Falls, Ohio · www.mainstreetgourmet.com
Capital Contractors, Inc.	2019-04-02	-	Trade Sale
Melville, New York · www.capitalcontractors.com
View All >>

Company

Date

Value

Type

Baker Hill Corp.

2023-06-21

Secondary Sale

Carmel, Indiana · www.bakerhill.com

PCX Aerostructures LLC

2021-04-26

Secondary Sale

Newington, Connecticut · www.pcxaero.com

Bourn Bioscience Ltd.

2021-01-11

Secondary Buyout

Cambridge, United Kingdom · www.bournhall.co.uk

Community Intervention Services, Inc.

2021-01-05

Bankruptcy

Brockton, Massachusetts · www.communityinterventionservices.com

DataSource, Inc.

2020-06-24

Merger

Kansas City, Missouri · www.data-source.com

Centerfield Media Holdings LLC

2020-01-21

Secondary Sale

Los Angeles, California · www.centerfield.com

The Krystal Co.

2020-01-19

Bankruptcy

Dunwoody, Georgia · www.krystal.com

Custom Window Systems, Inc.

2019-10-03

Trade Sale

Ocala, Florida · www.cws.cc

Main Street Gourmet LLC

2019-09-19

Trade Sale

Cuyahoga Falls, Ohio · www.mainstreetgourmet.com

Capital Contractors, Inc.

2019-04-02

Trade Sale

Melville, New York · www.capitalcontractors.com

View All >>

Sector	Current #	Value	All-time #	Value
Food	3 (14%)	-	10 (9%)	-
Consumer Products	2 (9%)	-	9 (8%)	-
Business Services	1 (5%)	-	8 (7%)	-
Healthcare Services	3 (14%)	-	8 (7%)	-
Distribution	2 (9%)	-	7 (6%)	22M (12%)
Chemicals	3 (14%)	-	7 (6%)	-
Automotive	1 (5%)	-	5 (4%)	-
Energy Services and Equipment	-	-	5 (4%)	-
Manufacturing	2 (9%)	-	5 (4%)	-
Building Materials	-	-	4 (4%)	-
Electrical Equipment	1 (5%)	-	4 (4%)	-
Information Technology	-	-	4 (4%)	-
Software	-	-	3 (3%)	100M (54%)
Environmental	1 (5%)	-	3 (3%)	-
Media	-	-	3 (3%)	-
Restaurants	-	-	3 (3%)	-
Construction	1 (5%)	-	2 (2%)	-
Defense	-	-	2 (2%)	-
Machinery	-	-	2 (2%)	-
Safety/Security	-	-	2 (2%)	-
Technology Hardware	-	-	2 (2%)	-
Transportation	1 (5%)	-	2 (2%)	-
Aerospace	-	-	1 (1%)	62M (34%)
Beverages	-	-	1 (1%)	-
Consumer Services	-	-	1 (1%)	-
Electronics	-	-	1 (1%)	-
Engineering	-	-	1 (1%)	-
Insurance	-	-	1 (1%)	-
Internet Software and Services	-	-	1 (1%)	-
Life Science	1 (5%)	-	1 (1%)	-
Marine	-	-	1 (1%)	-
Marketing	-	-	1 (1%)	-
Packaging	-	-	1 (1%)	-
Semiconductors	-	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Utilities	-	-	1 (1%)	-
Total	22	-	114	$184M

Sector

Current #

Value

All-time #

Value

Food

3 (14%)

10 (9%)

Consumer Products

2 (9%)

9 (8%)

Business Services

1 (5%)

8 (7%)

Healthcare Services

3 (14%)

8 (7%)

Distribution

2 (9%)

7 (6%)

22M (12%)

Chemicals

3 (14%)

7 (6%)

Automotive

1 (5%)

5 (4%)

Energy Services and Equipment

5 (4%)

Manufacturing

2 (9%)

5 (4%)

Building Materials

4 (4%)

Electrical Equipment

1 (5%)

4 (4%)

Information Technology

4 (4%)

Software

3 (3%)

100M (54%)

Environmental

1 (5%)

3 (3%)

Media

3 (3%)

Restaurants

3 (3%)

Construction

1 (5%)

2 (2%)

Defense

2 (2%)

Machinery

2 (2%)

Safety/Security

2 (2%)

Technology Hardware

2 (2%)

Transportation

1 (5%)

2 (2%)

Aerospace

1 (1%)

62M (34%)

Beverages

1 (1%)

Consumer Services

1 (1%)

Electronics

1 (1%)

Engineering

1 (1%)

Insurance

1 (1%)

Internet Software and Services

1 (1%)

Life Science

1 (5%)

1 (1%)

Marine

1 (1%)

Marketing

1 (1%)

Packaging

1 (1%)

Semiconductors

1 (1%)

Test/Measurement Equipment

1 (1%)

Utilities

1 (1%)

Total

114

$184M

State/Country	Current #	Value	All-time #	Value
United States	21 (95%)	-	112 (98%)	184M (100%)
	Florida	1 (5%)	-	13 (11%)	-
	California	-	-	10 (9%)	-
	North Carolina	1 (5%)	-	9 (8%)	-
	Texas	2 (9%)	-	8 (7%)	-
	Ohio	2 (9%)	-	7 (6%)	-
	Michigan	1 (5%)	-	6 (5%)	-
	Georgia	-	-	5 (4%)	-
	Washington	4 (18%)	-	4 (4%)	-
	Pennsylvania	-	-	4 (4%)	22M (12%)
	Arizona	1 (5%)	-	3 (3%)	-
	South Carolina	1 (5%)	-	3 (3%)	-
	New York	-	-	3 (3%)	-
	New Jersey	-	-	3 (3%)	-
	Massachusetts	-	-	3 (3%)	-
	Kentucky	-	-	3 (3%)	-
	Illinois	-	-	3 (3%)	-
	Connecticut	1 (5%)	-	2 (2%)	62M (34%)
	Tennessee	1 (5%)	-	2 (2%)	-
	Colorado	-	-	2 (2%)	-
	Virginia	-	-	2 (2%)	-
	Missouri	-	-	2 (2%)	-
	Minnesota	-	-	2 (2%)	-
	Mississippi	1 (5%)	-	1 (1%)	-
	Maine	1 (5%)	-	1 (1%)	-
	Louisiana	1 (5%)	-	1 (1%)	-
	Indiana	-	-	1 (1%)	100M (54%)
	Delaware	-	-	1 (1%)	-
	Arkansas	-	-	1 (1%)	-
	Wisconsin	-	-	1 (1%)	-
	Utah	-	-	1 (1%)	-
	Oklahoma	-	-	1 (1%)	-
	New Mexico	-	-	1 (1%)	-
United Kingdom	1 (5%)	-	1 (1%)	-
Canada	-	-	1 (1%)	-
	Alberta	-	-	1 (1%)	-
Domestic	21 (95%)	-	112 (98%)	184M (100%)
Cross-border	1 (5%)	-	2 (2%)	-
Total	22	-	114	$184M

State/Country

Current #

Value

All-time #

Value

United States

21 (95%)

112 (98%)

184M (100%)

Florida

1 (5%)

13 (11%)

California

10 (9%)

North Carolina

1 (5%)

9 (8%)

Texas

2 (9%)

8 (7%)

Ohio

2 (9%)

7 (6%)

Michigan

1 (5%)

6 (5%)

Georgia

5 (4%)

Washington

4 (18%)

4 (4%)

Pennsylvania

4 (4%)

22M (12%)

Arizona

1 (5%)

3 (3%)

South Carolina

1 (5%)

3 (3%)

New York

3 (3%)

New Jersey

3 (3%)

Massachusetts

3 (3%)

Kentucky

3 (3%)

Illinois

3 (3%)

Connecticut

1 (5%)

2 (2%)

62M (34%)

Tennessee

1 (5%)

2 (2%)

Colorado

2 (2%)

Virginia

2 (2%)

Missouri

2 (2%)

Minnesota

2 (2%)

Mississippi

1 (5%)

1 (1%)

Maine

1 (5%)

1 (1%)

Louisiana

1 (5%)

1 (1%)

Indiana

1 (1%)

100M (54%)

Delaware

1 (1%)

Arkansas

1 (1%)

Wisconsin

1 (1%)

Utah

1 (1%)

Oklahoma

1 (1%)

New Mexico

1 (1%)

United Kingdom

1 (5%)

1 (1%)

Canada

1 (1%)

Alberta

1 (1%)

Domestic

21 (95%)

112 (98%)

184M (100%)

Cross-border

1 (5%)

2 (2%)

Total

114

$184M

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	5 (23%)	-	40 (35%)	22M (12%)
Recapitalization	3 (14%)	-	20 (18%)	-
Secondary Buyout	2 (9%)	-	20 (18%)	-
Growth Capital	9 (41%)	-	16 (14%)	-
Divestiture	-	-	5 (4%)	162M (88%)
Consolidation	-	-	5 (4%)	-
Stake Purchase	-	-	2 (2%)	-
Venture	-	-	2 (2%)	-
Acquisition Financing	1 (5%)	-	1 (1%)	-
Going Private	-	-	1 (1%)	-
PIPE	1 (5%)	-	1 (1%)	-
Special Situations/Distressed	1 (5%)	-	1 (1%)	-
Total	22	-	114	$184M

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

5 (23%)

40 (35%)

22M (12%)

Recapitalization

3 (14%)

20 (18%)

Secondary Buyout

2 (9%)

20 (18%)

Growth Capital

9 (41%)

16 (14%)

Divestiture

5 (4%)

162M (88%)

Consolidation

5 (4%)

Stake Purchase

2 (2%)

Venture

2 (2%)

Acquisition Financing

1 (5%)

1 (1%)

Going Private

1 (1%)

PIPE

1 (5%)

1 (1%)

Special Situations/Distressed

1 (5%)

1 (1%)

Total

114

$184M

Type	Total #	Value
Secondary Sale	27 (38%)	-
Trade Sale	22 (31%)	-
Trade Sale - Public Company	13 (18%)	2.9B (100%)
Bankruptcy	3 (4%)	-
Unknown	3 (4%)	-
Merger	2 (3%)	-
IPO	1 (1%)	-
Sold to Management	1 (1%)	-
Total	72	$2.9B

Type

Total #

Value

Secondary Sale

27 (38%)

Trade Sale

22 (31%)

Trade Sale - Public Company

13 (18%)

2.9B (100%)

Bankruptcy

3 (4%)

Unknown

3 (4%)

Merger

2 (3%)

IPO

1 (1%)

Sold to Management

1 (1%)

Total

$2.9B

buy	#	Total
< $100M	3	$184M
TOTAL	$184M
Largest	Baker Hill Corp. $100M (2015-09-23)

buy

Total

< $100M

$184M

TOTAL

$184M

Largest

Baker Hill Corp.
$100M (2015-09-23)

sell	#	Total
$100M to $1B	7	$2.9B
< $100M	1	$30M
TOTAL	$2.9B
Largest	Flagstone Foods, Inc. $860M (2014-06-30)

sell

Total

$100M to $1B

$2.9B

< $100M

$30M

TOTAL

$2.9B

Largest

Flagstone Foods, Inc.
$860M (2014-06-30)

		Deals
Acquired from
Investor(s)	18%	20 (18%)
Strategic(s)	4%	5 (4%)
Exited to
Investor(s)	38%	27 (38%)
Strategic(s)	51%	37 (51%)

Deals

Acquired from

Investor(s)

20 (18%)

Strategic(s)

5 (4%)

Exited to

Investor(s)

27 (38%)

Strategic(s)

37 (51%)

FAQ

When was Triangle Capital Corp. founded?

Triangle Capital Corp. was founded in 2007.

What type of investor is Triangle Capital Corp.?

Triangle Capital Corp. is a private equity firm.

Where is Triangle Capital Corp. headquartered?

Triangle Capital Corp. is headquartered in Raleigh, North Carolina.

Triangle Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Triangle Capital Corp.

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

Established

Specialist/Generalist

FAQ

When was Triangle Capital Corp. founded?

What type of investor is Triangle Capital Corp.?

Where is Triangle Capital Corp. headquartered?

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Triangle Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Triangle Capital Corp.

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

Established

Specialist/Generalist

FAQ

When was Triangle Capital Corp. founded?

What type of investor is Triangle Capital Corp.?

Where is Triangle Capital Corp. headquartered?

Subscribe to unlock this and 214,740 investor and company profiles

Sign-up today to get full access

What's Mergr?

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

Search

What next?

Solution for

Product

Company

Legal

Subscribe to unlock this and 214,740
investor and company profiles