Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping, and manufacturing solutions serving diverse end-markets, today announced the completion of the previously announced acquisition of Accu-Fab, LLC from strategic holding company Tide Rock, effective July 1, 2025. Under the terms of the agreement, the Company paid total cash consideration of $140.5 million, subject to customary adjustments including a net working capital adjustment. The transaction was funded through availability on MEC’s existing $350 million credit facility.
Accu-Fab is a vertically integrated manufacturing partner providing technology-driven, cutting-edge metal fabrication solutions to large OEMs. Accu-Fab offers value-added services that include design, engineering, sheet metal fabrication and integration, and specialized finishing. Through the acquisition of Accu-Fab, MEC enhances its strategic position by broadening its customer base and accelerating its entry into the rapidly growing critical power infrastructure and data center end markets. Leveraging MEC’s broader geographic footprint, the combined business platform is well-positioned to meet rising demand within these end markets and significantly expands MEC’s serviceable addressable market.
“The addition of Accu-Fab marks a significant milestone in our MBX value creation strategy,” said Jag Reddy, President and Chief Executive Officer. “This immediately accretive acquisition, excluding transaction costs, enhances our presence in high-growth, mission-critical markets and expands our customer base in sectors with strong, long-term demand drivers. Our partnership with Accu-Fab brings together two high-performing teams with a shared focus on quality, service, and innovation. We anticipate a smooth integration and are excited about the long-term value we’ll create for our customers and shareholders.”
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