Case Studies

Case Study: CMG

The Company:

Cable Management Group (CMG) supplies cable management products to the construction, rail, marine, petrochemical, machine tooling, automotive and military markets. Its widely recognised brands include Adaptaflex, Kopex, Harnessflex, Elkay and Pipeslice. CMG has a strong position within key vertical markets including industrial OEM, construction/infrastructure, petrochemical and transportation.

Added Value:

  • LDC invested in CMG in 2007 to help drive CMG’s growth strategy
  • A strategic plan was implemented to focus on product innovation, operational improvement, driving international expansion in the US, Europe & Australia and fast emerging markets in Middle East and Asia
  • CMG consistently outperformed despite challenging economic environment and achieved substantial organic sales and profit growth since the original investment
  • CMG consolidated its UK market position and leveraged its brands across new industry sectors and successfully expanded its presence in the US
  • Employee numbers increased to 200


  • LDC exited CMG to NYSE quoted Thomas & Betts Corporation, in US$110m transatlantic deal
  • The deal was widely considered to be one of the most successful mid-market exits in 2010
“The support and strategic input that we received from LDC was invaluable. We established a close working relationship with the Midlands’ team at the time of the MBO and the business has benefitted significantly from their help in delivering our strategic objectives. LDC’s Midlands’ team has extensive experience of working with businesses operating within specialist manufacturing and engineering. This has certainly helped us to deliver on and fully establish our new products within the market.”
Duncan McKinlay, Chief Executive, CMG


  • Grew presence significantly in the US
  • Employee numbers increased to 200
  • Most successful UK mid-market exit in 2010