Mayville, WI - September 29, 2022 - Mayville Engineering Company, Inc. (NYSE: MEC) ("MEC") is proud to announce their ranking as number 48 on the list of the largest closely held companies in the state of Wisconsin.
"MEC is proud to be recognized alongside other outstanding Wisconsin-based companies," said Jag Reddy, President and CEO of Mayville Engineering Company. "The ongoing dedication of our teams to consistently deliver for our customers is the reason we continue to extend our lead in our industry. Being included on the Wisconsin 75 for the 19th year in a row is truly an honor and I want to thank all of our employee shareholders around the country for making this happen."
MEC has been headquartered in Wisconsin since its inception in 1945 and maintains significant manufacturing operations located in Mayville, Beaver Dam, Neillsville, and Wautoma. Overall, the company operates 20 facilities in seven states with more than three million square feet of manufacturing space, mostly in the midwest.
MEC was approximately 50% employee-owned during 2021 with more than 2,000 employee shareholders.
The Company completed a public offering in May 2019 and is listed on the New York Stock Exchange, trading under the symbol "MEC". Public companies are eligible for inclusion on the Wisconsin 75 list when more than 50 percent of the value or vote of the shares are owned by individuals, family, ESOP, or private equity.
The Wisconsin 75 program is an annual listing of the largest closely held companies headquartered in Wisconsin. The distinguished program recognizes business contributions to the communities in which the firms operate, the individuals who shape the business and the overall Wisconsin economy.
About Mayville Engineering Company
Founded in 1945, MEC is a leading U.S.-based value-added manufacturing partner that provides a full suite of design, prototyping, tooling, production fabrication, coatings, assembly, and aftermarket services. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicle, construction & access equipment, powersports, agriculture, military, and other end markets. Along with prototyping and engineering services, MEC maintains an extensive manufacturing infrastructure with 20 facilities, across seven states to serve customers with short lead-times. For more information, please visit mecinc.com.
Lincoln Churchill Advisors