Mayville Engineering Company Completes Acquisition Of Mid-States Aluminum
Jul 05, 2023•over 2 years ago
Acquiring Company
Mayville Engineering Company
Acquired Company
Mid-States Aluminum
Description
Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it had completed the acquisition of privately held Mid-States Aluminum (“MSA”) on July 1, 2023.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed