Mistras Group Agrees to $866M Acquisition

By Bobby Samwell • Sunday, September 20 16:03 • Permanent Link

Mistras Group said it has agreed to be acquired by affiliates of H.I.G. Capital in an all-cash deal valued at about $866 million, including debt.

Mistras stockholders will receive $20.35 in cash for each share, a price that the company said equals an 8% premium to its 30-day volume-weighted average share price and a 13% premium to its 90-day average through Sept. 17, 2026. The offer also reflects 61% appreciation from Dec. 31, 2025.

The company said holders of about 31% of its common stock have already signed voting and support agreements backing the transaction.

The board unanimously approved the deal, which is expected to close in late 2026 or early 2027. Under the agreement, Mistras has a 40-day go-shop period ending Oct. 27, 2026, during which it can seek competing offers.

When the deal closes, Mistras’ shares will be delisted from the New York Stock Exchange. The market has reacted to these announcements by moving the company's shares 4.59% to a price of $20.75. For the full picture, make sure to review Mistras's 8-K report.

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