top of page



Birmingham, Michigan – February 15, 2023 – Angle Advisors is pleased to announce that Lorom Holding Co., Ltd. (“Lorom”), a company backed by Cornell Capital, has acquired Segue Manufacturing Services (“Segue” or the “Company”), a portfolio company of Axia Capital Partners, LP (“Axia Capital”). Angle Advisors acted as the exclusive investment banking advisor to Segue in completing this transaction.

Based in North Billerica, Massachusetts, Segue is a global contract electronics manufacturer specializing in custom electromechanical, cable assembly and engineering services for the medical sector. With manufacturing operations in Massachusetts, China, and Mexico, Segue serves the global medical, industrial automation, capital equipment, and device OEM end-markets. The transaction combines Segue’s expertise in complex electromechanical and cable assembly with Lorom’s operating excellence in wire and cable manufacturing, while enabling Lorom to expand its manufacturing footprint in North America and build out its leading vertically integrated platform at a greater scale. For additional information, please visit

“We would like to thank the Angle Advisors team for helping us achieve a great outcome for the Company, its employees, and the owners. Angle’s deep understanding of electronics and the buyer universe was critical to achieving the goals of the seller,” said Jim Pelusi, Managing Director at Axia Capital.

Brian Desmarais, CEO of Segue, added, “Our team thoroughly enjoyed partnering with Angle Advisors and we truly appreciated their knowledge of international M&A in this highly complex transaction.”

Founded in 1988, Lorom is a leading manufacturing solutions provider focusing on specialized cable manufacturing and assembly. In addition to its core cable technologies, Lorom offers plastic injection, stamping, die-casting, printed circuit board assembly and tooling processes. Lorom also possesses customized component design and manufacturing capabilities. Its vertically integrated model enables Lorom to provide a one-stop shopping platform for unique, proprietary manufacturing products and services to a blue-chip customer base, including a number of Fortune 500 companies across automotive, industrial, media, technology and medical sectors. Headquartered in Taipei, Taiwan, Lorom has approximately 4,000 employees, including more than 500 highly skilled engineers across four factories and four sales offices globally. For more information, visit

Cornell Capital is a U.S.-based private investment firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm takes a disciplined approach to investing across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from the firm's Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs' Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. For more information, visit

Axia Capital is dedicated to increasing the equity value of our portfolio companies by developing and executing strategies that improve operations and drive revenue growth. Axia Capital's unique combination of hands on management expertise, engineering know-how and creative financing provides partners with innovative solutions for maximizing value and generating superior returns. As an affiliate of Axia Partners, Axia Capital is a middle market private equity firm that selectively invests in industrial technology companies with established track records for profitable growth and differentiated products in niche markets. For more information, visit

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 274 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


Talk to Angle Advisors
bottom of page