Subscribe to unlock this article
Thanks for your support.
With strong entrepreneurial roots and over 15 years of global leadership experience in industrial manufacturing (Victrex in the UK, Covestro in Germany and China, among others), NCA entrepreneur Adam Salmen began his search in late 2022 by joining NCA’s program. Through his investment vehicle, AS Search Capital, he has successfully negotiated a recapitalization for UMECC, a steel equipment manufacturing company based in Ohio, where he will step in as CEO, supported by the previous CEO, George He. KeyBank facilitated the acquisition debt.
Founded in 1998, UMECC supports customers with order fulfillment, engineering, manufacturing, and quality assurance, providing products and services individually and as a comprehensive package.
“UMECC is a truly global company in a very stable industry, with operations in North America, Asia, the Middle East, and Europe,” said Adam. “This transaction will usher in expansion into new markets with added product lines based on a novel strategy and vision that I am thrilled to be part of developing and implementing.”
Former CEO George He remains on board in partnership with Adam within the new management structure and said: “Our partnership with Adam will drive UMECC’s future success, offering enhanced financial stability, an increased capacity for service and development, and extensive growth opportunities at highly competitive pricing. We look forward to this new era as a trusted partner – known for our commitment to quality and reliability – complimented by Adam’s fresh energy and innovative solutions.”
DD: UHY / Legal: Sherman Howard
