Mistras Group Inc

Mistras Group has agreed to be acquired by investment firm H.I.G. Capital in an all-cash deal carrying an $866M enterprise value, including debt. Under the terms, Mistras shareholders will receive $20.35 per share in cash for each share of common stock they own, a premium of 8% to the company's 30-day volume-weighted average share price and 13% to its 90-day volume-weighted average share price. Once the transaction closes, Mistras shares will no longer be listed on the New York Stock Exchange. The stock gained 3.3% in pre-market trading Friday on the news.

MISTRAS Group Inc. reported second-quarter net income of $7.58 million, or $0.23 per share, up from $3.02 million, or $0.10 per share, a year earlier. Excluding items, adjusted earnings were $9.08 million, or $0.28 per share. Revenue increased 4.2% to $193.13 million from $185.40 million. The company issued full-year revenue guidance of $740.0 million to $755.0 million.

Mettler-Toledo International Inc. has appointed Natalia Shuman to its Board of Directors effective August 3, 2026. Ms. Shuman is President and CEO of MISTRAS Group and previously held leadership roles at Eurofins Scientific, Bureau Veritas North America, and Kelly Services. Board Chair Roland Diggelmann highlighted her over two decades of experience in testing, inspection, and certification services for industrial, biopharma, and food companies, as well as her perspectives on technology and digital enablement. Mettler Toledo is a global supplier of precision instruments and services with operations in more than 140 countries.

MISTRAS Group has been recognized in the Star quadrant in MarketsandMarkets' latest 360Quadrants evaluation of the Non-Destructive Testing and Inspection Market. The evaluation compares leading market players using factors such as portfolio strength, business strategy, market presence, and revenue analysis. MISTRAS was named a Star in both the NDT and inspection services market and the NDT and inspection equipment market. The recognition highlights the company's integrated approach to asset protection, combining advanced inspection services, proprietary technologies, laboratory testing, and asset integrity software. President and CEO Natalia Shuman said the recognition reflects the value of MISTRAS' data-driven solutions in helping customers move toward predictive, risk-informed decision-making.