Mayville Engineering Company, Inc. (MEC)

  • Offer Price

    $17.00

  • Offer Size

    6,250,000

  • 3-Year Outlook

    Positive

  • Volatility

    High

  • First Day Turnover

    45.03%

Description

MEC is a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military and other end markets. We have developed long-standing relationships with our blue chip customers based upon a high level of experience, trust and confidence.

“We Make Things Simple” by providing a diverse set of process offerings and a “one stop shop” for end-to-end solutions with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket components and ancillary supply chain benefits. Founded in 1945 and headquartered in Mayville, WI, we are a leading Tier I U.S. supplier of highly engineered components to OEM customers with leading positions in their respective markets. We are focused on producing the highest quality components using complex processes at the lowest cost by working with customers throughout the product design and development process to establish optimal solutions. Our engineering expertise and technical know-how allows us to add value through every product redevelopment cycle (generally every three to five years for our customers).

According to The Fabricator, we have been ranked as the largest fabricator in the United States for the past eight years in a row (2011 – 2018). We are more than two times the size of our next largest competitor, based on The Fabricator’s projections for 2018 revenue for metal fabricating companies.

Our customers’ complex products require a unique combination of our capabilities that allow us to achieve a customized offering to satisfy our customers’ desired outcomes. Our capabilities, which include, but are not limited to: metal fabrication, metal stamping, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting and custom coatings, including high heat and CARC painting, are used in a variety of applications and represent the building blocks of what we produce. 

Deal Managers

Lawyers

  • Foley & Lardner LLP

Auditors

  • Deloitte & Touche LLP
Investors
Pre-IPO Holdings(%)
  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins
  • 30
  • 20
  • 5
  • 18

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