UMECC

The Deal

Bought By

Adam Salmen

Year

2024

Vehicle

An NCA search, backed by Novastone Capital Advisors and Martell Capital Partners

Kind

Physical operations

A West Chester, Ohio supplier of metallurgical equipment, spare parts and refractories to steel mills, founded in 1998, managing each order from engineering through manufacture and delivery.

What Happened Next

Still held: the program's company page names him chief executive and files the company in its portfolio since October 2024, and its own post says he acquired and recapitalized the company with a group of US investors. A second backer's card credits the operation to him.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

• Novastone Capital Advisors' own account, The program's company page, which names him chief executive and dates its own holding to October 2024. novastone-ca.com
• Novastone Capital Advisors' own account, The program's own post, which says he partnered with it to acquire and recapitalize the company and step in as chief executive. novastone-ca.com
• Martell Capital Partners' own account martellcp.com