tecum-capital-invests-in-cm-industries
Summary
Investment in CM Industries will support the continued expansion of manufacturing capacity and geographic reachPITTSBURGH, Pa. February 20, 2024 Tecum Capital (Tecum) is proud to announce its investment in CM Industries, INC., a manufacturer of branded welding equipment and consumable welding supplies. As part of the transaction, Tecum partnered with Management, Stacker Holdings, and Salem Investment Partners.CM Industries sells a full range of branded products including robotic, MIG, and TIG equipment and all associated peripherals and consumables. CMs distributors serve a broad range of customers in the United States, Mexico, Canada, and Germany. End markets include agriculture, construction, automotive, oil and gas, and general fabrication.Stephen Gurgovits, Jr., Managing Director of Tecum, stated, CM Industries offered a compelling opportunity to partner with a leading manufacturer of welding equipment with high reoccurring revenue and superior quality to leading OEMs. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader high-value manufacturing, value-added distribution, and business services sectors.