H.I.G. signs $866m deal to acquire MISTRAS Group

Affiliates of H.I.G. Capital entered into a definitive agreement to acquire MISTRAS Group in an all-cash transaction with an enterprise value of approximately $866 million, including debt. MISTRAS provides technology-enabled industrial asset-integrity and laboratory-testing services to customers across industrial and infrastructure end markets.

Stockholders would receive $20.35 per share in cash. The company expects the transaction to close in late 2026 or early 2027, subject to stockholder and regulatory approvals and other customary conditions.