According to a press release, Triangle Capital Corporation (TCAP) announced that it closed a $14.8 million investment in Magpul Industries Corporation consisting of subordinated debt and equity.
This is interesting considering Magpul has had a fair number of suitors over the years, although generally, they have been interested in outright purchasing them rather than investing capital. Rumors have swirled about Magpul’s desire to make another foray into firearms design and perhaps this capital is going to be used to help them do just that.
