CT BUSINESSES

Struggling CT Soda Maker Reed’s Inc. Appoints New CEO Amid Turnaround Efforts

30 June 2025

Norwalk-based beverage company brings in former PepsiCo exec to fix supply chain issues and boost growth.

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Cyril Wallace, previously a vice president at PepsiCo Beverages, has stepped in as CEO of Reed’s Inc., the Norwalk-based producer of ginger beer and Virgil’s sodas. He's taking the helm during a critical period marked by years of losses, uneven production, and costly inventory imbalances. Wallace aims to streamline the supply chain, optimize spending, elevate brand awareness, and explore new production facilities—potentially adding a southern U.S. factory. Reed’s also recently launched a low‑sugar, multifunctional soda line and continues to expand its reach in retail and hospitality.


This summary is based on a report originally published by the Hartford Business Journal. You can read the full article here.

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Chris Webby Is Putting Connecticut on Notice—and We Should All Be Paying Attention

11 July 2025
Connecticut artist Chris Webby has long been known for using his voice to speak truth—but this time, the message goes far beyond music. Recently, Webby took to social media to raise concerns about the chemical spraying of Connecticut’s waterways, claiming the state moved forward with the use of Diquat —a substance reportedly more toxic than Glyphosate—despite earlier indications that spraying would be postponed until 2026. According to Webby, this decision comes in direct opposition to public sentiment and growing environmental concerns.

CT-Based Digital Commerce Consultancy Expands Through Acquisition

10 June 2025
Zaelab, a digital commerce consultancy based in Westport, has expanded its reach by acquiring Chicago-based Techmates Group. The move brings the combined team to over 350 employees and positions the company as the largest independent consultancy in Connecticut focused on B2B digital transformation.

Hartford Taste: Huge Food Festival Slated This Weekend in Hartford

5 June 2025
Get ready for one of Greater Hartford’s biggest food events of the year—Hartford Taste returns downtown this weekend!

Spotlight on Connecticut’s Fortune 500 Companies

3 June 2025
We wanted to share a fascinating article by CT Insider , which highlights how 15 Connecticut-based firms landed spots on the Fortune 500 list.

Connecticut’s Housing Crisis Is Driving Businesses Away

2 June 2025
A recent study from the Connecticut Business & Industry Association finds that the state’s severe housing shortage is hampering business growth and recruitment efforts. With housing inventory and affordability drooping below neighboring states, companies are struggling to hire—leaving over 70,000 open positions unfilled.
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Cynergy Capital Partners Rebrands as Pierce Ridge Capital

19 May 2025
Cynergy Capital Partners, a Connecticut based boutique M&A advisory firm known for its hands-on approach to helping business owners buy, sell, and grow companies, has officially rebranded as Pierce Ridge Capital .
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Three Connecticut Businesses Honored for Remarkable Disaster Recoveries

19 May 2025
In a testament to resilience and determination, three Connecticut-based businesses have been recognized among the world's most inspiring comebacks following significant disasters. These companies overcame substantial challenges to rebuild and thrive, serving as exemplary models of perseverance in the face of adversity.
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