MEC Buys Georgia Facility, Adds $50M Capacity for Datacenter Demand
MEC sits 23% above its 52-week low of $12.25.
Summary
Mayville Engineering acquired a 138,000 sq ft finishing facility in Thomson, Georgia, closing October 1, 2026. The company will invest $25M-$30M through 2028 to convert it into a full fabrication and finishing site, targeting $50M in annual revenue capacity by 2028. This directly addresses capacity constraints in its Datacenter & Critical Power segment, where demand is outpacing current capabilities and the qualified pipeline exceeds $125M. The move follows the 2025 Accu-Fab acquisition and extends MEC's Southeastern footprint to ten states. Management expects no material impact on 2026 results, with revenue contribution beginning in 2027. The investment is funded from existing liquidity and is projected to meet a 15% IRR threshold.
At the time of this announcement, MEC was trading at $15.05 on NYSE in the Manufacturing sector, with a market capitalization of approximately $382.5M. The 52-week trading range was $12.25 to $38.76. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.