New York, NY, March 17, 2025 – NMS Capital (“NMS”), a leading private equity firm focused on investments within Business Services and Healthcare Services, today announced that it has exited its investment in DCM Services (“DCM” or the “Company”) through a sale to Aldaron Partners (“Aldaron”) and True Wind Capital (“True Wind”). NMS invested in DCM in 2020.
Based in Minneapolis, MN, DCM Services is the industry leader in estate and specialty account resolution services, maximizing the value of client portfolios across the financial services, healthcare, auto, retail, telecom and utilities industries through innovation and performance. Its recovery solutions offer a full range of services from proprietary web-based solutions to full outsourcing, maintaining an unmatched spectrum of innovative solutions that increase recoveries, protect brand value, and enhance survivor relationships – with respect and sensitivity.
NMS’ investment in DCM employed a multi-pronged growth strategy that focused on expanding wallet share with existing customers, while simultaneously building upon an established foundation in emerging and new end markets and customer types. NMS, spearheaded by its Portfolio Optimization Group, supported DCM management through the execution of this strategy by hiring key management personnel, supporting robust growth in the Company’s account representative base, and augmenting the team’s sales and business development approach.
Mike Rosenthal, CEO of DCM, said, “DCM’s growth over the last five years is a direct result of the unique value we provide to our customers and the differentiated platform we have built in order to support those partnerships. Beyond incremental capital, NMS provided hands on support to execute upon our collective initiatives enabling us to achieve this growth and we look forward to that continued success with Aldaron and True Wind.”
Noel Jeon, Managing Director at NMS, noted “We are thrilled to have had the opportunity to support DCM’s growth in providing truly unique services and value to its roster of blue-chip customers. We aligned early in our investment on an aggressive plan and remained in lockstep on the execution of that plan from start to finish. It has been an honor working with the DCM team and I look forward to seeing the Company’s next chapter of growth with their new partners.”
Houlihan Lokey served as exclusive financial advisor and Greenberg Traurig provided legal counsel to DCM and NMS. Orrick provided legal counsel to Aldaron and True Wind.
About DCM Services:
DCM Services is the industry leader in estate and specialty account resolution services, maximizing the value of client portfolios across financial services, healthcare, auto, retail, telecom and utilities industries through innovation and performance. Its recovery solutions offer a full range of services from proprietary web-based solutions to full outsourcing, maintaining an unmatched spectrum of innovative solutions that increase recoveries, protect brand value, and enhance survivor relationships – with respect and sensitivity
About NMS Capital:
Founded in 2010, NMS Capital is an experienced private equity firm managing assets in excess of $1.4 billion. Since inception, NMS has partnered with management teams in over 150 investments and follow-on acquisitions across defined investment themes within the Business Services and Healthcare Services industries. The firm’s principal strategy is to create long-term value by providing strategic and operational resources to growth-oriented companies led by founders or experienced management teams. NMS has successfully built industry leading lower middle market companies in defensible and scalable end markets by accelerating organic and acquisition-driven growth.
For additional information on NMS, please visit the firm’s website at www.nms-capital.com. Follow NMS Capital on www.linkedin.com/company/nms-capital.
For further information:
For NMS Capital:
Jake Kinsley
Principal
(212) 574-7010
Jkinsley@nms-capital.com