RALEIGH, N.C., June 4, 2013 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company"), a leading provider of capital to lower middle market companies located throughout the United States, is pleased to announce that E. Ashton Poole will join the Company as President and Chief Operating Officer (COO) and as a member of the Company's Board of Directors, effective July 22, 2013. Mr. Poole will serve as a member of Triangle's Management & Investment Committees along with Garland S. Tucker, III, Chairman & Chief Executive Officer, Brent P.W. Burgess, Chief Investment Officer, and Steven C. Lilly, Chief Financial Officer.
Mr. Poole, a Raleigh native, brings more than two decades of strategy consulting, investment banking, and management experience to Triangle. For the past nineteen years Mr. Poole has worked at Morgan Stanley, where he was based in New York and served as a Managing Director in both the Power & Utility and Diversified Industrial Groups. During his time at Morgan Stanley Mr. Poole has advised clients throughout the United States in connection with merger & acquisition and capital raising transactions, including equity offerings, debt offerings, recapitalizations and leveraged buyouts. Prior to joining Morgan Stanley, Mr. Poole worked for three years as a strategy consultant with Gemini Consulting, where he was a generalist and advised companies primarily on strategic and financing matters.
Mr. Poole earned a BS in Business Administration from the University of North Carolina at Chapel Hill and a MBA from the Kellogg School of Management at Northwestern University."Ashton's background in senior level corporate strategy, investment banking, and consulting is a great professional fit with Triangle's senior team," commented Garland S. Tucker, III. "His broad industry exposure, extensive underwriting and analytical experience and deep institutional relationships will be invaluable as we continue to build upon our track record of disciplined growth and value creation for our shareholders. Furthermore, as a Raleigh native, Ashton has a unique understanding of Triangle's culture and is an outstanding personal fit. We are very excited to have him join the Triangle team as President and COO."