Mayville Engineering Company, Inc. (NYSE: MEC)

Mayville Engineering Company, Inc. is a leading U.S.-based vertically integrated manufacturer providing a comprehensive suite of manufacturing solutions from concept to production. The company specializes in design, prototyping, tooling, fabrication, aluminum extrusion, coating, assembly, and aftermarket components, catering to diverse end markets including heavy- and medium-duty commercial vehicles, construction and access equipment, powersports, data center and critical power, agriculture, military, and other industries. With a strong commitment to "Unmatched Excellence," Mayville Engineering has established itself as a Tier I U.S. supplier of highly engineered components to original equipment manufacturers (OEMs) with leading positions in their respective markets.

The company generates revenue through a full spectrum of manufacturing services, including metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting, and custom coatings. These services are offered to a broad customer base comprising blue-chip OEMs that operate in various end markets. Mayville Engineering's revenue model is built on long-term customer relationships and the ability to provide end-to-end solutions throughout the product lifecycle, from front-end collaboration in design and prototyping to aftermarket components and ancillary supply chain benefits.

• Heavy- and Medium-Duty Commercial Vehicles: This segment includes the production of components for class 8 heavy trucks such as standard semi-trucks and classes 3-7 trucks like box trucks. Mayville Engineering provides highly engineered components that cater to the specific needs of this market, ensuring durability and performance.

• Construction & Access Equipment: The company supplies components for wheel loaders, crawlers, skid steer loaders, excavators, motor graders, aerial lifts, boom lifts, and other construction equipment. These components are designed to withstand the rigorous demands of construction environments.

• Powersports: This segment encompasses all-terrain (ATV) and multi-utility (MUV) vehicles, as well as marine and motorcycle markets. Mayville Engineering provides performance structure suspension components, tubes, fabrications, and finished goods assemblies for powersports vehicles.

• Data Center & Critical Power: The company offers precision metal enclosures, cabinets, racks, frames, panels, sub-assemblies, backup energy systems, and intelligent power management solutions for mission-critical data center and electrical infrastructure environments.

• Agriculture: Mayville Engineering supplies components for tractors, combines, sprayers, turf care equipment, implements, and other agriculture-related machinery. These components are designed to enhance the efficiency and productivity of agricultural operations.

• Military: The company provides a variety of components for military vehicle platforms, ensuring reliability and performance in demanding conditions.

Mayville Engineering Company, Inc. holds a prominent position in the highly fragmented contract manufacturing market. The company's extensive manufacturing capabilities, engineering expertise, and commitment to quality set it apart from competitors. According to The Fabricator magazine, Mayville Engineering has been ranked as the largest fabricator in the United States for the past 15 years in a row (2011-2025). The company's competitive advantages include its scale, product offering, broad manufacturing capability, flexibility to fulfill complex solutions, customer service with a highly skilled workforce, and regionalized geographic focus. These advantages enable Mayville Engineering to maintain a defensible position against both foreign and domestic competitors.

The company's customer base includes leading OEMs such as PACCAR Inc. and John Deere, which accounted for 13.6% and 10.0% of net sales respectively in 2025. Mayville Engineering has developed long-standing relationships with its customers, many of which span decades. The company's diversified customer base and end markets, along with its ability to reallocate resources to meet demand fluctuations, have contributed to its stability and growth. With a strong focus on quality, innovation, and customer collaboration, Mayville Engineering continues to be a critical and deeply embedded supply partner for its customers.