Mistras agrees $866 million sale to H.I.G. Capital

Mistras Group (MT) has agreed to be acquired by H.I.G. Capital for $20.35 per share, valuing the deal at $866 million. The company's shares jumped over 5% on the news. The transaction is expected to take Mistras Group private.

MISTRAS Group (MG) agreed to be acquired by H.I.G. Capital for $20.35 per share in cash, implying an enterprise value of $866 million including debt. The deal represents an 8% and 13% premium over 30-day and 90-day average prices. The MISTRAS board approved the transaction, which is expected to close in late 2026 or early 2027, subject to approvals and a 40-day go-shop period.

MISTRAS Group (MG) agreed to be acquired by H.I.G. Capital affiliates for $866 million, or $20.35 per share. The deal, approved by the board, is expected to close in late 2026 or early 2027, pending shareholder and regulatory approvals. MG's stock will delist post-transaction.

MISTRAS Group (MG) agreed to be acquired by H.I.G. Capital for $20.35 per share, representing an 8% and 13% premium over 30- and 90-day averages, respectively. The deal values the company at $866M, including debt. The transaction is expected to close in late 2026 or early 2027, subject to shareholder and regulatory approvals. MG's stock will delist upon completion.

Mistras Group (MG) reported Q2 2026 revenue of $193.1 million, up 4.2% YoY, and record adjusted EBITDA of $25.8 million with a 13.3% margin. GAAP net income was $7.6 million. The company raised 2026 guidance to $740-$755 million revenue and $92-$95 million adjusted EBITDA, citing growth in aerospace, infrastructure, and power.

Mistras Group (MG) shares rose 17.7% to $18.59 after Q2 results. The company reported Q2 revenue of $193.1m and record adjusted EBITDA of $25.8m, with adjusted EBITDA margin at 13.3%. Management also raised full-year revenue and adjusted EBITDA guidance, citing improved cash flow and leverage near 2.2x.