Mayville Engineering Company to acquire Accu-Fab from Tide Rock for $140m.

Mayville Engineering Company, a provider of manufacturing services, including fabrication, machining, assembly, and finishing, agreed to acquire Accu-Fab, a company that specializes in precision metal fabrication and contract manufacturing, from Tide Rock, a private equity firm, for $140m. “Accu-Fab is a well-established metal fabricator with deep, long-standing relationships with leading OEMs in high-growth, emerging end markets that are highly complementary to MEC’s existing growth platform. Upon closing of the acquisition, Accu-Fab will be immediately accretive to our Adjusted EBITDA, Adjusted EBITDA margins and Adjusted Earnings Per Share (EPS), while creating substantial upside to our long-term value creation potential,” Jag Reddy, MAC President and CEO.