Mayville Engineering Company, Inc. (MEC) Seals $140M Accu-Fab Acquisition Deal
A close-up of a heavy-duty machining tool forming a steel component.
The contract manufacturer, Accu-Fab, is known for precision metalwork and serves sectors including renewable energy and data infrastructure. With strong margins and long-term client relationships, Accu-Fab's acquisition is projected to be an immediate accretive to Mayville Engineering Company, Inc. (NYSE:MEC)'s Adjusted EBITDA, which at present stands at $52.42 million.
Jag Reddy, CEO of Mayville Engineering Company, Inc. (NYSE:MEC), perceives the acquisition as a strategic fit with the company's long-term growth plan. According to the CEO, the acquisition has the potential to expand operations in markets with high-growth opportunities and deliver margin-enhancing synergies.
In terms of numbers, Accu-Fab generated approximately $61 million in revenue and $14 million in Adjusted EBITDA in 2024. Mayville Engineering Company, Inc. (NYSE:MEC) expects the acquisition to contribute to a sales range of $28 and $32 million and an Adjusted EBITDA range of $6 and $8 million in 2025. Further operational efficiencies involve a $1 million annual cost savings by 2026.
Despite a Citi adjustment lowering the price target from $18 to $16 on April 14, analysts continue to hold a Buy rating for the company with a consensus target of $18.50. Parallel to the acquisition talks, the company's stock performance has increased by 26.82% over the past month.
While we acknowledge the potential of MEC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MEC and that has 100x upside potential, check out our report about the
READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds
Disclosure: None.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
25 minutes ago
- Business Wire
GES Investors Have the Opportunity to Join Investigation of Guess?, Inc. with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Guess?, Inc. ('Guess' or 'the Company') (NYSE: GES) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Guess board breached its fiduciary duties to shareholders. Guess has signed an agreement to be taken private by Authentic Brands in an all-cash deal for $16.75 per share, totaling about $1.4 billion. If you are a shareholder, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Miami Herald
25 minutes ago
- Miami Herald
Leading Global Drone Propulsion Solutions Manufacturer ePropelled Expands U.S. Operations
LACONIA, NH / ACCESS Newswire / August 20, 2025 / Global manufacturer of propulsion andintelligent controls for multi-domain uncrewed systems, ePropelled, Inc. has significantly expanded its operations to become the first U.S.-based drone component solutions manufacturer with a supply chain that meets Department of Defense compliance standards. The soon to be 24,000 square foot facility in Laconia, New Hampshire, will annually produce hundreds of thousands of uncrewed motors and controllers for air, land and sea use as early as 2026. Meanwhile, in parallel, ePropelled is planning to open an additional manufacturing facility overseas to supply international customers. "We began production late last year and have been scaling up ever since," said Nick Grewal, ePropelled Founder, Chairman and CEO. "This expansion of our U.S. production hub will shorten the turnaround time from order to shipment and get them into the hands of our customers faster. This expansion, coupled with a new domestic rare earth supplier and NDAA compliance, sets us apart and is attractive for many of our customers." The Laconia facility will grow to more than 350 employees who will use state-of-the-art equipment to produce a range of advanced electric propulsion motor and controller solutions for drones from start to finish. This includes winding the coils, sealing/curing, rare-earth magnet rotator assemblies, precision balancing, motor and controller assembly, software installation and quality control for the Sparrow, Falcon and Hercules Series. The Sparrow Series solution range from 160Kv-2900Kv and 260W to 7000W, designed for lightweight UAVs. The Falcon Series includes high-power UAV motors like the iAPM600, producing up to 10kW at 5,000RPM. The Hercules Series features starter-generator systems, such as the SG12000, providing up to 14 kW at 9,000 RPM for hybrid UAV applications. In 2026, ePropelled will be vertically integrated with in-house lamination stack production and a machine shop. "The opening of our new manufacturing facility marks an exciting milestone for ePropelled as we expand our ability to serve customers in the U.S. and worldwide," said Richard Edwards, ePropelled Director of Operations. "This U.S.-based state-of-the-art site is equipped with advanced production capabilities and rigorous quality-control systems, all certified to ISO 9001:2015 standards. By combining the very latest technology with our commitment to excellence, we ensure every product meets the highest levels of performance and reliability." ePropelled operates worldwide, including engineering, innovation and production facilities in the UK and India, serving a broad customer base that spans aerospace, defense, industrial automation, automotive and maritime industries. The company's technologies can be used in mission-critical applications, including long-endurance surveillance drones, robotic ground vehicles and autonomous marine vessels. Its compliance with international defense standards and focus on domestically manufactured components make it especially attractive to governments and OEMs seeking secure, export-ready solutions. About ePropelledBased in Laconia, New Hampshire, USA, ePropelled, Inc. is a leading global technology provider specializing in smart propulsion and energy management systems for uncrewed vehicles for air, land and sea. Founded in 2018, ePropelled holds 49 patents and serves customers worldwide from its New Hampshire headquarters and manufacturing center, supported by R&D and operations facilities in the UK and India. ePropelled products are engineered to maximize performance, reduce energy consumption, and drive a faster transition to a sustainable future. For more information, contact ePropelled at info@ call 603-236-7444, or visit ### Contact Information Kristen Lestock kristen@ SOURCE: ePropelled, Inc. press release
Yahoo
41 minutes ago
- Yahoo
Kevin O'Leary Made Big Bets On 'Crypto Infrastructure' Firms Like Circle, Coinbase And Robinhood – Now Aims To Bring Playbook To AI
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Renowned investor and 'Shark Tank' personality Kevin O'Leary revealed his pick-and-shovel strategy for cryptocurrency infrastructure companies, including exchanges and stablecoin issuers, highlighting his long-term vision for the sector. The 'Shark' Is Buying Into Crypto Infrastructure O'Leary took to X, sharing a clip from his recent interview with Brew Markets, in which he discussed his investment strategy in the cryptocurrency space. O'Leary, also known as 'Mr Wonderful,' said he has invested in Circle Internet Group Inc. (NYSE:CRCL), the issuer of the world's second-largest stablecoin USDC (CRYPTO: USDC), cryptocurrency exchange Coinbase Global Inc. (NASDAQ:COIN) and tokenized stock provider Robinhood Markets Inc. (NASDAQ:HOOD) Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'I bought the crypto infrastructure,' he stated. 'I ask myself, 'What do I buy that is really picks and shovels? And what can I buy that gives me direct ownership of the technology, such as a stable currency or Bitcoin itself?''O'Leary applied the same logic to artificial intelligence, saying, 'My conclusion has been if I wanna play the long-term, the next five years or even 10 years in AI, I need to own data centers. I need to own real estate where data centers are built. I need to own power contracts that power the data centers.'O'Leary Says Legendary Charlie Munger Was Wrong About Crypto O'Leary has been a vocal advocate of cryptocurrency. Earlier this month, he expressed disagreement with the late Charlie Munger's views on cryptocurrency, describing it as 'the only thing' that the legendary investor got wrong. He has consistently advocated for key cryptocurrency legislation, such as the GENIUS Act, arguing that it is crucial to secure U.S. financial dominance in digital assets. Visit Benzinga Edge Stock Rankings and discover how top stocks on Wall Street score across 5 vital metrics of Momentum, Value, Growth, Quality and Trends. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Credit: Imagn Images This article Kevin O'Leary Made Big Bets On 'Crypto Infrastructure' Firms Like Circle, Coinbase And Robinhood – Now Aims To Bring Playbook To AI originally appeared on Sign in to access your portfolio
