Daily News: June 20, 2012

Triangle Capital Invests $6 Million in Xchange Technology Group


Triangle Capital Corporation, a provider of capital to lower middle-market companies located throughout the United States, announced that it closed a $6 million subordinated debt investment in Xchange Technology Group (XTG).

Established in 1996, XTG operates six business units that provide information technology, life cycle management, and short-term technology rental solutions to commercial, educational and wholesale clients across North America, Europe and Asia.

Triangle Capital Corporation invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events.