Initial Public Offering
Baird served as the lead bookrunner on this offering
AboutMayville Engineering Company, Inc. (“MEC” or “the “Company”) (NYSE: MEC) recently completed an initial public offering of 6,250,000 shares of common stock at $17.00 per share, generating gross proceeds of approximately $106.25 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the initial public offering price. MEC intends to use the net proceeds to repay debt and for general corporate purposes, which may include future acquisitions.
Founded in 1945, Mayville Engineering Company, Inc. is a leading United States-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services. MEC’s customers operate in diverse end markets, including heavy- and medium-duty commercial vehicle, construction, powersports, agriculture, military and other end markets. Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure in 21 facilities across eight states which make it possible to offer conventional and CNC stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services. MEC also possesses a broad range of finishing capabilities including shot blasting, e-coating, powder coating, wet spray and military grade chemical agent resistant coating (CARC) painting. The Company is headquartered in Mayville, Wisconsin.
CONTACT US TO LEARN MORE
- May 2019
- Mayville Engineering Company, Inc.
- Target Location
- North America