MISTRAS Group announced it will be acquired by H.I.G. Capital in an all-cash transaction valued at approximately $866 million, including debt. This deal represents a significant premium for shareholders and will result in MISTRAS Group's delisting from the NYSE, marking a major change for the company and its investors.
MISTRAS Group (MG) has agreed to be acquired by H.I.G. Capital in an all-cash transaction, valuing the company at an enterprise value of approximately $866 million. This is a significant event for MG shareholders, who will receive $20.35 per share, representing a substantial premium over recent trading prices. The deal is expected to close in late 2026 or early 2027, subject to customary approvals, and includes a 40-day 'go-shop' period, which presents a short-term opportunity for a potentially higher bid. Upon completion, MG will be delisted, ending its public trading. For traders, the immediate impact is a price floor around the offer price, with potential upside if a superior offer emerges during the go-shop period, but also the risk of the deal falling through.