Mistras Group said it has agreed to be acquired by affiliates of H.I.G. Capital in an all-cash transaction valuing the company at about $866 million, including debt.
Under the deal, Mistras shareholders will receive $20.35 in cash for each share they own. That price is about 8% above the company’s 30-day volume-weighted average share price and about 13% above its 90-day average through Sept. 17, 2026. Mistras also said the offer reflects 61% share-price appreciation since Dec. 31, 2025.
The company’s board unanimously approved the agreement. The transaction is expected to close in late 2026 or early 2027.
H.I.G. has already secured voting and support agreements with holders of about 31% of Mistras’ common stock, giving the deal backing from nearly a third of the shares.
The agreement includes a 40-day go-shop period that runs through Oct. 27, 2026, during which Mistras can solicit other bids.
When the deal closes, Mistras’ shares will be delisted from the New York Stock Exchange. Following these announcements, the company's shares moved 4.59%, and are now trading at a price of $20.75. For the full picture, make sure to review Mistras's 8-K report.
