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Announced

Completed

Mayville Engineering completed the acquisition of Mid-States Aluminum for $96m.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA6x
Share Price Premium-
One Off Charge-

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Friendly

Machinery: Specialty

Majority

Single Bidder

Private

Domestic

United States

aluminum products

Acquisition

Completed

Synopsis

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Mayville Engineering, a provider of design, prototyping and manufacturing solutions serving diverse end-markets, completed the acquisition of Mid-States Aluminum, a manufacturer of custom aluminum extrusions and fabrications, for $96m. “MSA is an established provider of aluminum extrusions, whose history of growth and innovation, attractive margin profile, deep customer relationships and diverse end-markets are highly complementary to our existing business. Upon closing of the acquisition, MSA will be immediately accretive, excluding transaction costs, to MEC’s earnings per share, Adjusted EBITDA margin and free cash flow,” Jag Reddy, Mayville Engineering President and CEO.

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