Triangle Capital Corporation, a specialty finance company that provides customized financing solutions to lower middle market companies, today announced that it closed a $14.2 million investment in The Krystal Company consisting of subordinated debt and equity.
Last week, Krystal was purchased by Argonne Capital Group, an Atlanta-based private investment firm, for an undisclosed amount.
Michael Klump, founder and president of Argonne, said the firm sees "opportunity" with the acquisition and plans to continue opening new company-owned restaurants. The chain added 10 new units in the past 12 months.
Read more about operations management.