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Tecum Capital Invests in CM Industries

Investment in CM Industries will support the continued expansion of manufacturing capacity and geographic reach

PITTSBURGH, 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. CM’s 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. We are excited to partner with the CM Industries’ team in the next phase of growth.”

Matt Harnett, Jack Surma, and Carter Henderson led the investment at Tecum.  

About Tecum Capital Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. 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. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages two Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners III, L.P, a $305 million fund launched in September 2021. Since 2006, the team has collectively invested more than $1 billion in over 150 platforms and add-on acquisitions. For more information, please visit