Mayville Engineering Company, Inc. (MEC): M&A transaction — Mayville Engineering closes acquisition of Mid-States Aluminum for ~$96M

Mayville Engineering Company, Inc.

Purchase price $95,944,962, subject to cash, debt, working capital adjustments.
Net consideration paid at closing was $90,001,726, with $8.5M escrowed for adjustments and indemnification.
Acquisition financed under amended credit agreement dated June 28, 2023.
MSA is a manufacturer of custom aluminum extrusions, fabrications, and finishing services.
Required MSA financial statements and pro forma info to be filed by Sept 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Mayville Engineering Company, Inc. completed an acquisition involving shareholders of Mid-States Aluminum for $95,944,962 (closed 2023-07-01).

Action: acquisition
Counterparty: shareholders of Mid-States Aluminum
Consideration: $95,944,962
Closing: 2023-07-01

Exact text from the filing

also offers related services including design, engineering, extrusions, fabrication, anodizing and finishing, assembly, and packaging. The purchase price in the acquisition was $95,944,962, subject to adjustments for the amount of cash, indebtedness, net working capital, and certain expenses of MSA as of the closing. At the closing of the acquisition, the Company

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Mayville Engineering Company, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-011696

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