How to Buy a Multinational

March 24, 2025
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e celebrate business-buyer fit on Acquiring Minds.

The idea that you want to find a business that would benefit from your unique skillset.

But what if your resume is working in industrials for billion-dollar international corporations all over the world?

How do you find a business suited to that experience?

Well Adam Salmen did, and it's a fascinating one.

UMECC services steel manufacturers by sourcing the machinery they need to keep their steel mills running.

This is the world of heavy industry, way upstream from the types of business you hear about so often on Acquiring Minds.

And it was an education for me, who has no exposure to this corner of the economy.

The scale is different here, as Adam knew.

So he anticipated taking a big swing with this acquisition, into the 8 figures, and it's a key reason he partnered with a firm, Novastone, that could help him pull it off.

And pull it off he did, now running a multinational business with locations and agents in North America, the Middle East, Asia.

Adam's story is a good reminder that while certain types of businesses are overrepresented in our world, the economy is infinitely complex, and the possibilities for you, vast.

Here is Adam Salmen, CEO of UMECC.

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How to Buy a Multinational

Seeking a fit with his industrials experience, Adam Salmen bought an 8-figure business with locations around the world.

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Key Takeaways

Introduction

Listen to the introduction from the host
W

e celebrate business-buyer fit on Acquiring Minds.

The idea that you want to find a business that would benefit from your unique skillset.

But what if your resume is working in industrials for billion-dollar international corporations all over the world?

How do you find a business suited to that experience?

Well Adam Salmen did, and it's a fascinating one.

UMECC services steel manufacturers by sourcing the machinery they need to keep their steel mills running.

This is the world of heavy industry, way upstream from the types of business you hear about so often on Acquiring Minds.

And it was an education for me, who has no exposure to this corner of the economy.

The scale is different here, as Adam knew.

So he anticipated taking a big swing with this acquisition, into the 8 figures, and it's a key reason he partnered with a firm, Novastone, that could help him pull it off.

And pull it off he did, now running a multinational business with locations and agents in North America, the Middle East, Asia.

Adam's story is a good reminder that while certain types of businesses are overrepresented in our world, the economy is infinitely complex, and the possibilities for you, vast.

Here is Adam Salmen, CEO of UMECC.

About

Adam Salmen

Adam Salmen

Show Notes

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Seeking a fit with his industrials experience, Adam Salmen bought an 8-figure business with locations around the world.

Topics in Adam’s interview:

  • Looking beyond “arts and crafts” businesses
  • Partnering with Novastone to search and acquire
  • Acquiring a multinational industrial company
  • China's dominance in steel production
  • Tariffs and the steel industry
  • Crowdfunding attempt that failed
  • Don’t buy a PowerPoint presentation
  • False summits in business ownership
  • Being inspired by Naval Ravikant
  • Putting your name on a business

References and how to contact Adam:

Download the New CEO’s Guide to Human Resources from Aspen HR:

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

Learn more about Walker Deibel's done-with-you buy-side advisory:

Connect with Acquiring Minds:

Edited by Anton Rohozov.
Produced by Pam Cameron.

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Episode Transcript

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