---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011281"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T20:10:15.674623+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mayville Engineering acquires Mid-States Aluminum for ~$96M; expects Q3 2023 close

## Summary
- Deal value approximately $96M, subject to customary working capital adjustments.
- MSA 2022 revenue $86M, Adjusted EBITDA $16M (margin >18%); acquired for lightweight fabrication capabilities.
- Acquisition to be immediately accretive to EPS, Adjusted EBITDA, and FCF (excl. transaction costs).
- MEC expects MSA to contribute $30-35M net sales and $4-6M Adjusted EBITDA in FY 2023.
- Funded by amending existing credit agreement to increase revolving facility to $250M.

## SEC filing metadata
- accession: 0001558370-23-011281
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766368/000155837023011281/0001558370-23-011281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837023011281/tmb-20230619x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011281
- JSON: https://secwatch.observer/filing/0001558370-23-011281.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011281.txt

## Key facts
- Material Agreements
  Mayville Engineering Company, Inc. entered into Unit Purchase Agreement with shareholders of Mid-States Aluminum Corp. valued at approximately $96 million (effective 2023-06-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: shareholders of Mid-States Aluminum Corp.
  - Value: approximately $96 million
  - Effective: 2023-06-19
  source text: On June 19, 2023, Mayville Engineering Company, Inc. (the “Company”) and the shareholders (the “Sellers”) of Mid-States Aluminum Corp. (“MSA”) entered into an Unit Purchase Agreement (the “Purchase Agreement”), pursuant to which, subject to the satisfaction or waiver of the conditions contained therein and following a reorganization of MSA from a corporation to a limited liability company, the Company will acquire all of the issued and outstanding limited liability interests of MSA (the “Acquisition”) for a total consideration of approximately $96 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837023011281/0001558370-23-011281-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.