<\/p>\n
Banks provide credit facility expansion to fund Accu-Fab deal targeting high-growth data center markets.<\/p>\n
Mayville Engineering Company has announced a definitive agreement to acquire Accu-Fab, LLC from strategic holding company Tide Rock for $140.5 million, with Wells Fargo and JPMorgan Chase providing the acquisition financing.<\/p>\n
MEC will fund the transaction through cash and borrowings under its existing $250 million syndicated credit facility with Wells Fargo Bank as administrative agent. Wells Fargo and JPMorgan Chase Bank have committed an additional $50 million in incremental commitments under the credit facility to support ongoing business needs.<\/p>\n
The acquisition provides MEC with strategic diversification into high-growth end-markets including critical power infrastructure, data centers, and renewable energy. Accu-Fab operates manufacturing facilities in Raleigh, North Carolina, and Wheeling, Illinois, with approximately 200,000 square feet of manufacturing space.<\/p>\n
For 2024, Accu-Fab recorded net sales of approximately $61 million and Adjusted EBITDA of $14 million, representing an Adjusted EBITDA margin exceeding 23%. The company generated free cash flow of approximately $8 million.<\/p>\n
\u201cAccu-Fab is a well-established metal fabricator with deep, long-standing relationships with leading OEMs in high-growth, emerging end markets,\u201d said Jag Reddy, MEC\u2019s President and CEO.<\/p>\n
At closing, MEC anticipates its pro-forma net debt to Adjusted EBITDA ratio will be approximately 3.0x, with plans to reduce net leverage to 1.5x-2.0x within 18 months. The transaction is expected to close in Q3 2025.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Banks provide credit facility expansion to fund Accu-Fab deal targeting high-growth data center markets. Mayville Engineering Company has announced a definitive agreement to acquire Accu-Fab, LLC from strategic holding company Tide Rock for $140.5 million, with Wells Fargo and JPMorgan Chase providing the acquisition financing. MEC will fund the transaction through cash and borrowings under […]<\/p>\n","protected":false},"author":1,"featured_media":4154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/05\/JPMorgan-Chase-5-959x445.jpg",959,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/05\/JPMorgan-Chase-5-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/05\/JPMorgan-Chase-5-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/05\/JPMorgan-Chase-5.jpg",959,639,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4153"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4153\/revisions"}],"predecessor-version":[{"id":4155,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4153\/revisions\/4155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4154"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}