MISTRAS agrees $866 million buyout deal
- MISTRAS Group (NYSE:MG) agreed to be acquired by H.I.G. Capital affiliates for $20.35 per share in cash.
- The transaction values MISTRAS at an enterprise value of approximately $866 million, including debt.
- The deal is expected to close in late 2026 or early 2027, subject to approvals.
MISTRAS Group (NYSE:MG) agreed to be acquired by affiliates of H.I.G. Capital for $20.35 per share in cash, representing an enterprise value of approximately $866 million including outstanding debt.
The offer represents premiums of about 8% and 13% compared with MISTRAS’ 30-day and 90-day volume-weighted average share prices, respectively, and follows a 61% increase in the company’s share price since December 31, 2025.
The agreement includes a 40-day go-shop period ending October 27, 2026, during which MISTRAS may seek alternative proposals, while H.I.G. affiliates have entered voting and support agreements with holders representing approximately 31% of outstanding common stock.
MISTRAS provides technology-enabled asset protection solutions, including inspection, monitoring and maintenance services for industrial customers.
The transaction is expected to close in late 2026 or early 2027, subject to stockholder approval, regulatory approvals and other closing conditions, after which MISTRAS shares will be delisted from the New York Stock Exchange.
