Mayville Engineering Company announced a definitive agreement to acquire Accu-Fab, LLC for a total cash consideration of $140.5 million. The acquisition is expected to close during the third quarter of 2025, subject to customary closing conditions.
Accu-Fab is a vertically integrated contract manufacturer specializing in critical power infrastructure, data center, and renewable energy sectors, operating two facilities with approximately 200,000 square feet of manufacturing space. For full-year 2024, Accu-Fab recorded net sales of approximately $61 million and Adjusted EBITDA of $14 million.
The transaction is expected to be immediately accretive to MEC’s Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted EPS, excluding one-time transaction costs. MEC intends to fund the acquisition through cash and borrowings under its existing $250 million syndicated credit facility, with an additional $50 million in incremental commitments secured.
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