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.
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