Mayville Engineering Co. Announces $140.5 Million Acquisition of Accu-Fab to Expand Market Reach

Reuters

05/27

Mayville Engineering Co. Announces $140.5 Million Acquisition of Accu-Fab to Expand Market Reach

Mayville Engineering Company Inc. (NYSE: MEC), a prominent provider of design, prototyping, and manufacturing solutions, has announced a definitive agreement to acquire Accu-Fab, LLC from Tide Rock for $140.5 million, subject to customary adjustments. This strategic acquisition is expected to diversify MEC's presence into high-growth markets, including critical power infrastructure, data centers, and renewable energy. The transaction, anticipated to close in the third quarter of 2025, will be funded through cash and borrowings under MEC's existing $250 million credit facility. Additionally, Wells Fargo Bank and JPMorgan Chase Bank have committed an extra $50 million in incremental funding to support ongoing business needs. MEC aims to achieve approximately $1.0 million in annual cost synergies by 2026 through the integration of its operational framework. A conference call discussing the acquisition will be held today at 9:00 a.m. Eastern Time.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mayville Engineering Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250527947428) on May 27, 2025, and is solely responsible for the information contained therein.

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Announces $140.5 Million Acquisition of Accu-Fab to Expand Market Reach\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-27 18:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Mayville Engineering Co. Announces $140.5 Million Acquisition of Accu-Fab to Expand Market Reach\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/MEC\">Mayville Engineering Company Inc.</a> (NYSE: MEC), a prominent provider of design, prototyping, and manufacturing solutions, has announced a definitive agreement to acquire Accu-Fab, LLC from Tide Rock for $140.5 million, subject to customary adjustments. This strategic acquisition is expected to diversify MEC's presence into high-growth markets, including critical power infrastructure, data centers, and renewable energy. The transaction, anticipated to close in the third quarter of 2025, will be funded through cash and borrowings under MEC's existing $250 million credit facility. Additionally, Wells Fargo Bank and JPMorgan Chase Bank have committed an extra $50 million in incremental funding to support ongoing business needs. 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ID: 20250527947428) on May 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211331839.USD","symbol_name":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250527:nNDL535pgq:1","article_id":"2538457315","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538457315","pubTimestamp":1748340034,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mayville Engineering Company Inc. , a prominent provider of design, prototyping, and manufacturing solutions, has announced a definitive agreement to acquire Accu-Fab, LLC from Tide Rock for $140.5 million, subject to customary adjustments. 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Announces $140.5 Million Acquisition of Accu-Fab to Expand Market Reach\n    \n\nMayville Engineering Company Inc. (NYSE: MEC), a prominent provider of design, prototyping, and manufacturing solutions, has announced a definitive agreement to acquire Accu-Fab, LLC from Tide Rock for $140.5 million, subject to customary adjustments. This strategic acquisition is expected to diversify MEC's presence into high-growth markets, including critical power infrastructure, data centers, and renewable energy. The transaction, anticipated to close in the third quarter of 2025, will be funded through cash and borrowings under MEC's existing $250 million credit facility. Additionally, Wells Fargo Bank and JPMorgan Chase Bank have committed an extra $50 million in incremental funding to support ongoing business needs. MEC aims to achieve approximately $1.0 million in annual cost synergies by 2026 through the integration of its operational framework. A conference call discussing the acquisition will be held today at 9:00 a.m. Eastern Time.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mayville Engineering Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250527947428) on May 27, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}