Mayville Engineering Company Business Summary

Mayville Engineering Company, Inc. (MEC) operates as a leading U.S.-based contract manufacturer, generating revenue through the high-volume production of engineered metal components and value-added assemblies for Original Equipment Manufacturers (OEMs). The company’s business model is built on long-term, transactional relationships where it provides end-to-end solutions ranging from design and prototyping to fabrication, coating, and assembly. As of early 2026, MEC’s revenue is diversified across several primary segments: Commercial Vehicle, Agriculture, Construction & Access, Powersports, Military, and its rapidly expanding Data Center & Critical Power division. This latter segment, bolstered by the strategic acquisition of Accu-Fab, is projected to account for 20% to 25% of total revenues in 2026. MEC competes directly with large-scale fabricators and industrial manufacturers such as Highlands Diversified Services, Fisher Barton, Park-Ohio Holdings, and L.B. Foster, maintaining a dominant market position as the largest domestic fabricator in the United States by capacity and footprint. Founded in 1945 by Ted Bachhuber and Leo Bachhuber, MEC transitioned from a family-owned shop into a publicly traded industrial powerhouse. The current leadership team is headed by President and CEO Jagadeesh "Jag" Reddy, who joined in 2022 with a pedigree in global strategy and growth from W.R. Grace, Pentair, and Danaher Corporation. Supporting him is Chief Financial Officer Rachele M. Lehr, a former Briggs & Stratton executive and PwC alumna who assumed the role in April 2025, and Craig D. Nichols, who joined as Senior Vice President of Operations and Supply Chain in March 2025 following a career at Dana Incorporated. The company’s governance is overseen by a board of directors chaired by Timothy L. Christen, Chairman Emeritus of Baker Tilly, and includes notable members such as Tania Wingfield, an Executive Vice President at BorgWarner, and Jennifer J. Kent, Chief Legal Officer of Kohl’s Corporation.