India, Sept. 18 -- MISTRAS Group, Inc. (MG), a technology-enabled industrial asset integrity and laboratory testing solutions provider, announced Friday that it had entered into a definitive agreement to be acquired by affiliates of H.I.G. Capital, a global alternative investment firm, in an all-cash transaction, representing an enterprise value of approximately $866 million, including outstanding debt.
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 is inclusive of 61% price appreciation since December 31, 2025.
The Company's Board of Directors has unanimously approved the transaction, which is expected to close in late 2026 or early ...