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Company History

L&M Technologies, Inc. began its journey in 1972. Experimenting with the design and drafting of printed circuit wire boards, co-founders, Victor Larranaga and Andy Martinez (L&M) developed their niche. The two founders may have started the company with little money and a lack of resources, but with their determination and a dream to excel in a market that was unknown at the time, they founded a business that has succeeded for over 40 years.

As word got out, local Albuquerque area companies took notice and became interested in these early designs. Soon, the company began to grow and Victor and Andy decided to move the company into a facility that would support its employee growth. L&M Drafting Services, Inc. was moved into the offices locate on the corner of Lomas and Eubank.

As time went on, more employees were brought on board and the business began to subcontract its services to many other companies. Soon more contracts were won and the company began to flourish.

In 1979, L&M acquired its first government facility contract. Sandia National Laboratories signed on this year and L&M has retained this client since that year. This proved to play a key role and a vital link regarding the company’s growth.

In 1980, L&M purchased Reprographics and an Applicon mini-computer. This proved beneficial as the company began to enhance its reprographic capabilities in the printed circuit board area and enabled the business to move from a manual operating system to an automated operating system.

In 1981, L&M became the first southwestern company of its kind to supply computer-aided design and drafting services.

In 1984, L&M purchased a CADD service business in Denver, Colorado.

In 1986, L&M was purchased by Antonio R. Montoya, general manager at the time, and one other associate. L&M Drafting Services, Inc. was then changed to L&M Technologies, Inc. Victor and Andy remained with the company for the following year and later moved on to develop two other companies.

By 1986, the company had evolved into a 100-employee enterprise.

In 1986, L&M Acquired its original contract in microelectronics “wafer fabrication.”

L&M continued to grow to its current status as on of the top 500 minority and small businesses in the nation.

In 1989, L&M moved its corporate headquarters to its current location at Jefferson and Balloon Park Road.