M&A - Mayville Engineering Company, Inc.

Form Type: 8-K

Filing Date: 2025-05-27

Corporate Action: Acquisition

Type: New

Accession Number: 000155837025008164

Filing Summary: On May 23, 2025, Mayville Engineering Company, Inc. entered into a Purchase Agreement to acquire all issued and outstanding limited liability company interests of Accu-Fab, LLC for a total consideration of $140.5 million. Accu-Fab is noted for providing advanced metal fabrication solutions and serves major companies in critical infrastructure sectors. The acquisition has been approved by Mayville's Board of Directors and is expected to close in Q3 2025, pending customary closing conditions including regulatory approvals and performance of obligations under the agreement. The financing of the acquisition will utilize cash on hand and existing credit facilities. The Purchase Agreement outlines various representations, warranties, and covenants from both parties, and includes terms for operation by Accu-Fab during the interim period.