Follow-on Offering

Follow-on Offering


Baird served as a co-manager in this offering.


Mistras Group, Inc. (NYSE:MG) (“Mistras” or the “Company”) recently completed a follow-on offering of 3,754,061 shares of its common stock at $16.00 per share, generating gross proceeds of approximately $60.1 million. TC NDT Holdings, L.L.C., an entity affiliated with HCI Equity Partners, offered 2,764,401 shares of common stock and the Company offered 989,660 shares of common stock. The Company intends to use proceeds from the sale of its shares for general corporate purposes, including the reduction of outstanding indebtedness, acquisitions, capital expenditures and working capital.

Mistras Group, Inc., headquartered in Princeton Junction, New Jersey, offers "one source" services and technology-enabled asset protection solution portfolios used to evaluate the structural integrity of energy, industrial and public infrastructure. Mission critical services and solutions are delivered globally and provide customers with the ability to extend the useful life of their assets, improve productivity and profitability, comply with government safety and environmental regulations and enhance risk management operational decisions. Mistras combines its products and technologies - 24/7 on-line monitoring of critical assets; mechanical integrity and non-destructive testing services; and its proprietary data warehousing and analysis software - to provide comprehensive and competitive products, systems and services solutions from a single source provider.

For additional information about this transaction, please contact:

Joel Cohen (312) 609-4924
Lance Lange (414) 765-7079
Justin Albert (312) 609-4995
Follow-on Offering
May 2011
Mistras Group, Inc.
Target Location
North America