Daily News: November 21, 2014

Advantage Capital, Ironwood Invest in C&M Technologies


Advantage Capital Partners and Ironwood Capital Connecticut made a mezzanine investment in C&M Technologies Group, a Watermill Group-backed maker of design wire and cable, cable assemblies and retractable coil cords. The investment was made through Advantage Capital Connecticut Partners I, co-managed by Advantage Capital and Ironwood Capital Connecticut.

The investment in C&M was made through Advantage Capital Connecticut Partners I, Limited Partnership, co-managed by Advantage Capital and Ironwood Capital Connecticut. The Fund is focused exclusively on investments in Connecticut businesses and was created in connection with the Connecticut jobs statute, a bipartisan package intended to create jobs, spur innovation and strengthen the state’s economy.

“We are investing in C&M Technologies Group to support the company’s ability to continue to build its business,” said Victor Budnick, managing partner, Ironwood Capital Connecticut. “C&M is already an industry leader in design and manufacture of cable products. We’re pleased to support continued development of this outstanding Connecticut company.”

“This funding comes at a perfect time for C&M as we continue to execute on our strategy of creating a high performance work culture, adding additional operational capabilities and infrastructure. This support enables C&M to continue to offer custom engineered cable solutions at the highest levels of service to our customers,” said John Laskowsky, CEO of C&M Technologies. “We are excited to work with Advantage and Ironwood, firms as committed to the Connecticut economy as we are.”

Wauregan, CT-based C&M Technologies Group is a manufacturer of design wire and cable, cable assemblies and retractable coil cords that meet performance specifications for both power and signal for demanding industrial, military and medical systems.