5sdad,
Colt and Ultra Light Arms were an "acquisition deal," but Forbes was not.
Colt bought ULA and it continued operation as a custom shop, while the Colt factory produced the Colt Light Rifle. That's why Melvin had to reorganize Ultra Light Arms into New Ultra Light Arms when he reacquired the company.
Forbes was formed as a separate company from NULA, with Melvin one of the partners. The Forbes partnership had no effect on NULA, because it remained a separate company.
