Menu

Friday, September 23, 2011

MAGPUL Receives Major Cash Infusion

As one of the elite manufacturers of rifle components and beyond, MAGPUL Industries Corp. has received almost $15 Million in funding from the Triangle Capital Corp. The publicly traded investment company bought a stake in the company by taking on equity, and part of the transaction included debt.

While it is not reported what the percentage of each made up the new liability, it is clear why the brand that climbed its way to the top with their Unfair Advantage™ is drawing the likes of business development companies who can assuredly see the potential with in the steadfast Magpul customers. One can now hope that they will roll out a Droid Field Case, as iPhone fanboys shouldn't be the only ones with the added rubber protection.

Related Posts: