# MEC GLOBAL PARTNERS LLC X-17A-5 (2026-02-23) — Broker-dealer annual report - Company: MEC GLOBAL PARTNERS LLC - Form: X-17A-5 - Filed: 2026-02-23 - Period: 2025-12-31 - Accession: 0001789121-26-000001 - CIK: 1789121 - File #: 8-70418 - Type: Broker-dealer - Material weakness: No - Auditor: Forvis Mazars LLP - Auditor location: New York, NY - Contact: Randall Wilbert - Phone: 617-476-2772 - Email: randy.wilbert@mecgp.com - Website: mecgp.com - Signed by: Randall Wilbert (Chief Executive Officer) Original filing: https://www.sec.gov/Archives/edgar/data/1789121/000178912126000001/mecgp25shortedgar.pdf --- {0}------------------------------------------------ | | UNITED STATES | | | | | |--------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|---------------------------------------|-------------------------------------------------|--------------------------------------------|--| | SECURITIES AND EXCHANGE COMMISSION | | | 0MB APPROVAL | | | | | Washington, D.C. 20549 | | 0MB Number: 3235-0123
Expires: Nov. 30, 2026 | | | | | | | Estimated average burden | | | | | | | hours per response: 12 | | | | | ANNUAL REPORTS | | | | | | FORM X-17 A-5 | | | | SEC FILE NUMBER | | | | PART Ill | | | 8-70418 | | | | FACING PAGE | | | | | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | REPORT FOR THE PERIOD BEGINNING | 01/01/2025
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_ | | | | | MM/DD/VY | MM/DD/VY | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME OF FIRM: MEC Global Partners LLC | | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | | ~Broker-dealer | Security-based swap dealer | Major security-based swap participant | | | | | □ Check here if respondent is also an OTC derivatives dealer | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | | | | | | One Federal Street, 17th Floor | | | | | | | (No. and Street) | | | | | | Boston | MA | | 02110 | | | | (City) | (State) | | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | Randall Wilbert | 617-476-2772 | | | randy.wilbert@mecgp.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | Forvis Mazars LLP | | | | | | | | (Name - if individual, state last, first, middle name) | | | | | | 135 West 50th Street | New York | NY | | 10020 | | | (Address) | (City) | (State) | | (Zip Code) | | | 10/16/2003 | | | | 686 | | | (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable) | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | | | | **Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** {1}------------------------------------------------ #### **OATH OR AFFIRMATION** I, Randall Wilbert, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of MEC Global Partners LLC, as of December 31, 2025 is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Signature: **Randall Wilbert** Title: Chief Executive Officer #### **This filing\*\* contains (check all applicable boxes):** - ~ (a) Statement of financial condition. - ~ (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of - comprehensive income (as defined in§ 210.1-02 of Regulation S-X). #### □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3- 3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - ~ (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). □ (z) Other: \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e){3} or 17 CFR 240.18a-7{d}{2}, as applicable. {2}------------------------------------------------ **Signature:** \_\_.\_~---------- Randall Wilbert (Feb 20, 2026 19:54:14 EST) **Email:** randy.wilbert@mecgp.com {3}------------------------------------------------ # **MEC Global Partners LLC (A Wholly Owned Subsidiary of MEC Global Partners CH LLC)** Financial Statement December 31 , 2025 (With Report oflndependent Registered Public Accounting Firm) {4}------------------------------------------------ #### **(A Wholly Owned Subsidiary of MEC Global Partners CH LLC)** Table of Contents | | Page | |---------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | | | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3-5 | {5}------------------------------------------------ Forvis Mazars, LLP 135 West 50th Street New York, NY 10020-1299 **P** 212.812.7000 I **F** 212.375.6888 **forvismazars.us** ![](_page_5_Picture_1.jpeg) # **Report of Independent Registered Public Accounting Firm** Member MEC Global Partners LLC #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of MEC Global Partners LLC (the Company) as of December 31 , 2025, including the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31 , 2025, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the **PCAOB.** Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud , and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2024. **New York, New York February 19, 2026** {6}------------------------------------------------ #### **(A Wholly Owned Subsidiary of MEC Global Partners CH LLC)** Statement of Financial Condition December 31 , 2025 #### **Assets** | Cash | \$
347,857 | |------------------------------------------|---------------| | Prepaid expenses | 14,195 | | Total Assets | \$
362,052 | | Liabilities and Member's Equity | | | Related party payable | \$
199,977 | | Accounts payable and accrued liabilities | 50,597 | | Total Liabilities | 250,574 | | Total Member's Equity | 111 ,478 | | Total Liabilities and Member's Equity | \$
362,052 | The accompanying notes are an integral part of this financial statement. {7}------------------------------------------------ # **(A Wholly Owned Subsidiary of MEC Global Partners CH LLC) Notes to Financial Statement** December 31 , 2025 #### **(1) Business and Organization** MEC Global Partners LLC (the "Company") was formed on February 19, 2019 as a Delaware limited liability company. The Company is a member of the Financial Industry Regulatory Authority, Inc ("FINRA") and became a registered brokerdealer under the Security Exchange Act of 1934 effective April 9, 2020. The Company is a wholly owned subsidiary of MEC Global Partners CH LLC (the "Parent"). The Parent is a wholly owned subsidiary of MEC Global Partner Holdings LLC (the "Affiliate"). The Company is a limited purpose broker-dealer, specializing in the placement of affiliated private real estate funds. #### **(2) Summary of Significant Accounting Policies** These financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP). All amounts are expressed in United States dollars (U.S. dollars) unless otherwise stated. The following is a summary of the significant accounting and reporting policies used in preparing the financial statements. #### *(a) Use of Estimates* The preparation of financial statements requires management to make certain estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. #### *(b) Prepaid Expenses* The Company from time to time makes payments in advance to third parties for insurance, regulatory fees or other items. As of December 31 , 2025, the Company had \$14,195 of prepaid expenses reported on its statement of financial condition. #### *(c) Income Taxes* The Company is a single-member limited liability company. The Internal Revenue Code ("IRC") provides that any income or loss is passed through to the member for federal and state income tax purposes. Accordingly, the Company has not provided for federal, state, or local income taxes. As of December 31 , 2025, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. The Company remains subject to U.S. federal and state income tax audits for all years subsequent to 2022. {8}------------------------------------------------ # **(A Wholly Owned Subsidiary of MEC Global Partners CH LLC)** **Notes to Financial Statement** December 31 , 2025 #### *(c) Income Taxes (continued)* In accordance with ASC 740, Income Taxes, the Company evaluates its tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by tax authorities. Management has analyzed the tax positions taken by the Company, and has concluded that there were no uncertain tax positions that would have a material effect on the financial statements as of December 31 , 2025. The Company is subject to income tax examination by the Internal Revenue Service, and other jurisdictions, however there are currently no audits in progress. #### *(d) Segment Reporting* The Company is engaged in a single line of business as a securities broker-dealer, which in the year ended December 31 , 2025, comprised of receiving a service fee from the Affiliate for placement agent services. The Company has identified its Chief Executive Officer as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 6), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or make profit distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of this segment are the same as those described in the summary of other significant accounting policies noted above. #### **(3) Concentration of Risk** Financial instruments that potentially subject the Company to concentrations of risk consist of a cash balance being maintained with a bank which at times may exceed federally insured limits. #### **(4) Commitments** & **Contingencies** The Company may be subject to claims and litigation in the ordinary course of business. In management's opinion, based upon the information available as of the date these financials are available to be issued, there are no litigation claims against the Company that would have a material impact on the operating results of the Company. #### **(5) Related-Party Transactions** Under the terms of the Administrative Services Agreement with the Parent and the Affiliate, the Company pays its share of professional and administrative salaries, health insurance, and a sublicense fee for office space and equipment, while the Affiliate pays the Company a service fee on a monthly basis to compensate it for the broker dealer placement agent services provided to the Affiliate ("Administrative Services Agreement"). As of December 31 , 2025, the related party payable was \$199,977. {9}------------------------------------------------ # **(A Wholly Owned Subsidiary of MEC Global Partners CH LLC) Notes to Financial Statement** December 31 , 2025 ### **(6) Net Capital** The Company, as a registered broker dealer in securities, is subject to the Securities Exchange Commission Uniform Net Capital Rule ("Rule 15c3-l"). Pursuant to Rule 15c3-l the Company has a minimum net capital requirement of the higher of \$5,000 or 6.66% of aggregate indebtedness, and the percentage of aggregate indebtedness to net capital cannot exceed 1500% pursuant to the rule. As of December 31 , 2025, the Company had net capital of \$97,283 and excess net capital of \$80,578. The percentage of aggregate indebtedness to net capital was 257.57%. #### (7) **Subsequent Events** The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date these financial statements were available to be issued Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.