Deal Details
Mistras Is Acquired by H.I.G.
Summary
Mistras Group, Inc. (the “Company” or “Mistras”) (NYSE:MG) announced on September 18, 2026 that it has entered into a definitive agreement to be acquired by affiliates of H.I.G. Capital (“H.I.G.”).
Under the terms of the agreement, Mistras stockholders will receive $20.35 per share in cash for each share of common stock they own. The purchase price represents a premium of approximately 8% and 13% to the Company’s 30 and 90-day volume-weighted average share price, respectively, for the period ended September 17, 2026. In addition, the purchase price is inclusive of 61% price appreciation since December 31, 2025. The Company’s Board of Directors unanimously approved the transaction. The definitive agreement includes a 40-day “go-shop” period, to solicit third party proposals, which will expire at 11:59 p.m. Eastern Time on October 27, 2026. The transaction is subject to customary closing conditions, including the receipt of stockholder approval and the expiration or termination of the applicable waiting period under HSR.
Baird served as exclusive financial advisor to Mistras on the transaction.
About
MISTRAS is a global leader in technology-enabled industrial asset integrity and laboratory testing solutions, serving critical strategic markets including oil & gas, aerospace & defense, industrials, power generation & transmission, infrastructure, engineering and research. MISTRAS provides a diversified portfolio of products and services, ranging from advanced non-destructive testing and pipeline inspections to real-time condition monitoring, maintenance planning and specialized engineering, powered by a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis. With a long-standing track record of innovation and deep industry expertise, MISTRAS helps clients reduce risk, extend asset life and optimize operational performance. MISTRAS is headquartered in Princeton Junction, New Jersey.H.I.G. is a leading global alternative investment firm with $75 billion of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, Dubai and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion.
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- Date
- September 2026
- Company
- Mistras Group, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Testing, Inspection, Certification & Compliance ("TICC")
- Target Geography
- North America
- Acquiror Geography
- North America
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