Exeter Street Capital Partners, the private equity affiliate of Patriot Capital Group, completed a majority recapitalization of Triangle Sign & Service in partnership with Harbert Credit Solutions, Northcreek Mezzanine and company leadership.
First National Bank provided senior debt financing for the deal. Nelson Mullins represented Exeter in the transaction.
Based in the Baltimore area for nearly 90 years, Triangle Sign & Service is a provider of commercial signage, lighting and facility service solutions. The company’s customer base includes companies in sub-sectors such as telecommunications, food and hospitality, corporate image, real estate development, high-end luxury, education, financial services, automotive, hospitality, and other consumer goods and services.
“We are thrilled to forge this partnership with Steve Altshuler, president of Triangle, and the entire Triangle team to power the next chapter of growth for this tremendous business. Triangle has become a leader in this dynamic market by focusing on long-term customer relationships, exceptional quality and service, and its proprietary manufacturing expertise. Triangle is a great fit for Exeter’s strategy of investing alongside passionate leadership to develop new growth channels, optimize operations and expand through acquisitions,” Franklin Staley, managing director of Exeter Street Capital Partners, said.
“We are excited to partner with Exeter to take advantage of the numerous opportunities we have to invest in and grow our business,” Altshuler said. “Exeter shares our corporate culture for exceptional quality, tireless dedication to our customers, care for our employees and service to our community, all of which have enabled our company to sustain itself as a long-term leader in this industry for nearly 90 years.”