Mistras Group has agreed to be acquired by H.I.G. Capital in an all-cash deal valued at about $866 million, including debt, with shareholders set to receive $20.35 a share.
The offer prices Mistras at an 8% premium to its 30-day volume-weighted average share price and a 13% premium to its 90-day average as of Sept. 17, 2026. The price also reflects a 61% gain from Dec. 31, 2025.
Mistras’ board unanimously approved the transaction. The company said the deal is expected to close in late 2026 or early 2027, subject to shareholder and regulatory approvals.
H.I.G. has already lined up voting and support agreements from holders of about 31% of Mistras’ common stock, with those investors agreeing to vote in favor of the deal.
The agreement includes a 40-day go-shop period ending Oct. 27, 2026, during which Mistras and its adviser Baird can seek competing bids. If a superior proposal emerges, Mistras can terminate the H.I.G. deal, subject to a termination fee.
When the transaction closes, Mistras’ stock 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. If you want to know more, read the company's complete 8-K report here.
