M&A Deal Summary

Mayville Engineering Co Acquires Defiance Metal Products

On December 17, 2018, Mayville Engineering Co acquired manufacturer Defiance Metal Products from Taglich Private Equity

Acquisition Highlights
  • This is Mayville Engineering Co’s 1st transaction in the Manufacturing sector.
  • This is Mayville Engineering Co’s 2nd transaction in the United States.
  • This is Mayville Engineering Co’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-12-17
Target Defiance Metal Products
Sector Manufacturing
Buyer(s) Mayville Engineering Co
Sellers(s) Taglich Private Equity
Deal Type Add-on Acquisition

Target

Defiance Metal Products

Defiance, Ohio, United States
Defiance Metal Products, Inc. is a full-service, precision manufacturer of low- to medium-volume, complex, engineered components and assemblies for the commercial vehicle market. Defiance serves original equipment manufacturers in the medium to heavy duty commercial truck, bus, military vehicle and commercial construction equipment markets.

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Buyer(S) 1

Buyer

Mayville Engineering Co

Mayville, Wisconsin, United States

Category Company
Founded 1945
Sector Manufacturing
DESCRIPTION

MEC manufactures, coats and assembles a broad range of products, from simple to the very complex. Our expertise begins with a strong core competency in design for manufacturability. Working closely with OEMs, our engineers drive cost out at the most critical moment of a product's life, the initial design. The focus is designing high quality parts and components at the lowest total cost. MEC's team of process engineers then determine the most efficient and effective way to manufacture the products to maximize quality while at the same time reducing the total cost.


DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Center Manufacturing

Byron Center, Michigan, United States

Center Manufacturing, Inc. is a manufacturer of complex welded tubular assemblies and metal fabrications primarily for motorcycle/ATV, commercial vehicle and automotive applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Mid-States Aluminum

Fond du Lac, Wisconsin, United States

Mid-States Aluminum is a vertically integrated manufacturer of custom aluminum extrusions and fabrications. MSA offers value-added services that include design, engineering, extrusions, fabrication, anodizing and finishing, assembly, and packaging. Mid-States Aluminum was founded in 1964 and is based in Fond du Lac, Wisconsin.

Buy -

Seller(S) 1

SELLER

Taglich Private Equity

New York, New York, United States

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 15 of 17
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 6 of 7
State (Ohio) 2 of 2
Country (United States) 15 of 17
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Simkar

Philadelphia, Pennsylvania, United States

Simkar Corp. is a manufacturer of linear and compact fluorescent, exit and emergency, HID and vandal resistant lighting fixtures for commercial, industrial and residential applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Fiber-Line

Hatfield, Pennsylvania, United States

Fiber-Line, Inc. is a manufacturer of high-performance, coated fibers. Fiber-Line takes raw fiber and applies proprietary, innovative coatings in a specialized manufacturing process (which includes twisting, winding and splicing) to enhance the performance characteristics of the fiber for use in a variety of industries, including fiber optics, oil & gas, composites and industrial. Fiber-Line, Inc. was founded in 1987 and is based in Hatfield, Pennsylvania.

Sell $120M