secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0001558370-23-011281
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023011281/0001558370-23-011281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023011281/tmb-20230619x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011281

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