Mistras Group to Be Acquired by H.I.G. Capital for $20.35 a Share

07:26 AM EDT, 09/18/2026 (MT Newswires) -- Mistras Group (MG) signed a definitive deal to be acquired by affiliates of H.I.G. Capital for $20.35 per Mistras Group share in cash, for an enterprise value of about $866 million including outstanding debt, the companies said Friday. The purchase price represents about an 8% premium to Mistras Group's 30-day volume-weighted average share price through Thursday, according to the statement. Mistras Group's board has approved the transaction and holders of approximately 31% of the company's stock have agreed to vote in favor of the transaction, the companies said. The acquisition is expected to close late 2026 or early 2027, after which Mistras Group will be delisted from the NYSE, according to the statement. Shares of Mistras Group were up more than 2% premarket Friday.