Mayville Executives Signal Optimism After Accu-Fab Deal and Credit Boost

Mayville Engineering Company, Inc. (NYSE:MEC) is one of the 10 Metal Stocks with Insider Buying in 2025.

The stock’s price target was raised following announcements on the expansion of credit facilities and the acquisition of Accu-Fab.

The vertically integrated manufacturer, Mayville Engineering Company, Inc. (NYSE:MEC), offers concept-to-production services including design, prototyping, tooling, fabrication, coating, and assembly. Headquartered in Wisconsin, the company has a comprehensive portfolio serving heavy-duty trucks, agriculture, military, and powersports sectors.

On June 26, 2025, Mayville Engineering Company, Inc. (NYSE:MEC) amended its credit agreement to raise its revolving credit facility to $350 million, utilizing a $100 million accordion feature. Earlier, it was at $250 million. With the terms of the credit agreement remaining largely unchanged, the company intends to use the proceeds to meet its current business needs.

Particularly, the company utilized the existing credit agreement for funding the acquisition of Accu-Fab, LLC for $140.5 million. Through the acquisition, the company aims to strengthen its foothold in the critical power infrastructure, data center, and renewable energy markets.

Following these developments, Citi reiterated its Buy rating on the stock and raised the price target from $17 to $21.

Insider transactions, though low at 0.03% in the past six months, signal a positive view among the top executives and significant shareholders towards the company’s progress.

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