H.I.G. Capital to Acquire Mistras Group at $20.35 Per Share
Private equity firm H.I.G. Capital has agreed to buy Mistras Group in a deal priced at $20.35 per share.
H.I.G. Capital has reached an agreement to acquire Mistras Group, an infrastructure and industrial services company, at $20.35 per share, according to a report from SeekingAlpha. The transaction represents a significant move by the Miami-based private equity firm to expand its footprint in the asset protection and inspection services sector.
Mistras Group provides testing, inspection, and data analytics services to industries including oil and gas, aerospace, and civil infrastructure. The company's capabilities in non-destructive testing and predictive maintenance have made it an attractive acquisition target as industrial operators increasingly prioritize asset integrity and regulatory compliance.
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The per-share price of $20.35 sets a clear valuation benchmark for the deal, though the full enterprise value and expected closing timeline were not detailed in the initial report. Transactions of this type typically require regulatory review and shareholder approval before reaching completion.
H.I.G. Capital, one of the larger middle-market private equity firms in the United States, has a track record of acquiring specialized industrial and technical services businesses. The Mistras acquisition would align with that strategy, potentially offering the firm opportunities to grow the business organically or through add-on acquisitions in the inspection and monitoring space.
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