Mayville Engineering Company Completes Strategic Acquisition of Accu-Fab, LLC to Expand Market Reach and Strengthen Position in High-Growth Sectors
Mayville Engineering Company, Inc. (NYSE: MEC), a leading U.S.-based provider of value-added design, prototyping, and manufacturing solutions, today announced the successful completion of its previously disclosed acquisition of Accu-Fab, LLC, a cutting-edge metal fabrication specialist. The deal was finalized on July 1, 2025, marking a pivotal milestone in MEC’s long-term growth and diversification strategy.
The acquisition was executed under the terms of a definitive agreement with Tide Rock, a strategic holding company from which MEC purchased Accu-Fab for a total cash consideration of $140.5 million, subject to standard post-closing adjustments, including a net working capital true-up. The transaction was fully financed through Mayville Engineering Company’s existing $350 million credit facility, allowing the company to maintain capital flexibility while expanding its operational footprint.
Accu-Fab: A Strategic and Complementary Addition to MEC’s Business Model
Accu-Fab, headquartered in North Carolina, is a vertically integrated manufacturing partner known for delivering high-precision, technology-enabled metal fabrication solutions to large original equipment manufacturers (OEMs) across the United States. The company offers a comprehensive range of services—from advanced design and engineering to sheet metal fabrication, assembly, and specialized finishing processes. These capabilities align seamlessly with MEC’s existing operations and reinforce its value-added business model.
By acquiring Accu-Fab, Mayville Engineering Company gains access to new industry verticals and strengthens its ability to serve customers in critical power infrastructure and data center markets, both of which are experiencing rapid and sustained growth. These sectors are supported by long-term megatrends, including increased electrification, the digital transformation of enterprises, and the global expansion of cloud and AI-powered services, all of which require robust, high-performance infrastructure.
Enhancing Market Reach and Operational Synergies
The acquisition significantly enhances Mayville Engineering Company’s market position by enabling the company to serve a wider and more diversified customer base while broadening its geographic and technical capabilities. With Accu-Fab’s advanced manufacturing competencies and MEC’s strong North American footprint, the combined entity is better equipped to meet evolving customer requirements and deliver comprehensive solutions at scale.
MEC expects the transaction to be immediately accretive to earnings, excluding transaction-related expenses, with opportunities for future margin expansion through operational efficiencies and shared best practices. Additionally, MEC anticipates that the integration of Accu-Fab will further strengthen its engineering and design capabilities, offering customers more value-added solutions and greater flexibility in their supply chains.
Leadership Commentary: A Vision of Long-Term Growth
Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company, expressed strong confidence in the acquisition and highlighted its strategic significance.
“The Mayville addition of Accu-Fab marks a significant milestone in our MBX value creation strategy, which is focused on growth, diversification, and operational excellence,” said Reddy. “This immediately accretive acquisition enhances our presence in high-growth, mission-critical markets and expands our customer base in sectors that have strong and durable demand tailwinds.”
“Our partnership with Accu-Fab brings together two highly capable and culturally aligned teams with a shared commitment to delivering quality, service, and innovation to our customers. We anticipate a smooth and efficient integration process, and we’re excited about the long-term value this transaction will unlock for our employees, customers, and shareholders alike.”
A Closer Look at the Strategic Fit
The combination of Mayville Engineering Company and Accu-Fab is expected to produce a stronger, more diversified platform for delivering best-in-class manufacturing services. MEC is already well-regarded for its engineering and fabrication services across sectors such as agriculture, construction, commercial vehicles, military, and recreational equipment. By adding Accu-Fab’s capabilities, MEC not only increases its overall production capacity but also gains a foothold in higher-growth, technology-intensive sectors.
In particular, the critical power infrastructure and data center markets represent multi-decade opportunities due to growing demand for energy resilience, digital connectivity, and cloud infrastructure. With enterprises and hyperscale tech providers investing heavily in data center construction, the demand for high-quality fabricated metal enclosures, racks, and integration services is expected to accelerate.
Mayville Engineering Company’s acquisition positions it to become a key player in this space, supported by Accu-Fab’s expertise and customer relationships in the technology infrastructure domain.
Financial Strength and Growth Outlook
The $140.5 million acquisition was funded entirely through Mayville Engineering Company’s existing revolving credit facility, demonstrating the company’s financial strength and disciplined capital management. MEC maintains a strong balance sheet, and the company’s leadership has indicated that it remains well-capitalized to pursue further growth investments and strategic initiatives.
With Accu-Fab now integrated into MEC’s operations, the company’s serviceable addressable market (SAM) expands significantly. This includes not only the newly added power and technology sectors but also growth potential through cross-selling, capacity utilization improvements, and deeper penetration into existing accounts.
MEC’s management team has reiterated that their focus remains on delivering consistent revenue growth, margin enhancement, and shareholder value through operational excellence, continuous improvement, and strategic acquisitions like this one.
Integration and Cultural Alignment
One of the most promising aspects of this acquisition lies in the cultural and operational alignment between the two organizations. Both Mayville Engineering Company and Accu-Fab share a deep-rooted commitment to quality, safety, employee development, and customer satisfaction. These common values are expected to facilitate a smooth integration process while fostering collaborative innovation and process improvement.
The combined workforce will benefit from expanded career opportunities, access to best-in-class equipment and training, and the ability to work on a broader array of projects. In the long term, MEC expects the Accu-Fab integration to strengthen its employer brand and enhance its ability to attract and retain top talent across the country.
MEC’s Continued Commitment to Strategic Growth
With the acquisition of Accu-Fab now complete, MEC is positioned for its next phase of strategic growth. The company continues to execute on its MBX strategy, which emphasizes:
- Market diversification into fast-growing, mission-critical sectors
- Broader service offerings through value-added capabilities
- Expanded geographic reach and capacity optimization
- Focused capital investment and disciplined financial management
MEC’s leadership team remains committed to delivering on its long-term vision of building a premier, technology-driven manufacturing partner for OEMs across North America.
About Mayville Engineering Company (MEC)
Founded in 1945 and headquartered in Wisconsin, Mayville Engineering Company, Inc. is a trusted manufacturing partner for leading OEMs across a broad range of industries. The company provides comprehensive solutions, including design, prototyping, fabrication, coating, assembly, and supply chain services. With a strong reputation for quality and innovation, MEC operates a network of state-of-the-art manufacturing facilities and employs a dedicated workforce across the United States.
About Accu-Fab, LLC
Accu-Fab, LLC is a vertically integrated contract manufacturer specializing in complex, precision sheet metal fabrication. Known for its advanced engineering support, high-quality production standards, and commitment to customer success, Accu-Fab serves large OEM customers in a variety of end markets, including power systems, telecommunications, and industrial equipment.
This press release includes forward-looking statements regarding the expected benefits and synergies of the acquisition. These statements involve known and unknown risks, uncertainties, and assumptions that could cause actual results to differ materially. MEC disclaims any obligation to update forward-looking statements except as required by law.
ABOUT MAYVILLE ENGINEERING COMPANY
Founded in 1945, MEC is a leading U.S.-based, vertically-integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military and other end markets.
Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure with 23 facilities, of which 22 are in use, across seven states. These facilities make it possible to offer conventional and CNC (computer numerical control) stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services. MEC also possesses a broad range of finishing capabilities including shot blasting, e-coating, powder coating, wet spray and military grade chemical agent resistant coating (CARC) painting. For more information, please visit www.mecinc.com.
