No but they are related I guess one could say. Connondale is a subsidiary of Dorel Industries which owns Pacific Cycle as well.
http://en.wikipedia.org/wiki/Cannondale_Bicycle_Corporation
In other words they are all owned by the same parent company but Cannondale appears to be a separate subsidiary owned by the main parent company that owns Pacific, which Schwinn is a brand of.
http://en.wikipedia.org/wiki/Cannondale_Bicycle_Corporation
In other words they are all owned by the same parent company but Cannondale appears to be a separate subsidiary owned by the main parent company that owns Pacific, which Schwinn is a brand of.