Mergers & Acquisitions ·
Mistras go-shop period expires with no competing bids for $20.35 per share acquisition by H.I.G
MGMistras Group, Inc.
The 40-day go-shop period under the merger agreement between Mistras Group and entities affiliated with H.I.G. Capital expired on October 27, 2026, without any alternative acquisition proposals being received. During this window, financial advisor Robert W. Baird contacted or was contacted by 122 third parties, including 24 strategic companies and 98 financial sponsors, entering into confidentiality agreements with 40 of them. The proposed all-cash transaction values the company at approximately $866 million, representing an enterprise value inclusive of outstanding debt. The purchase price of $20.35 per share reflects a premium of roughly 8% to the 30-day and 13% to the 90-day volume-weighted average unaffected share prices. The transaction remains expected to close in late 2026 or early 2027, subject to stockholder approval at a special meeting scheduled for November 24, 2026, and customary regulatory approvals. Mistras Group provides technology-enabled industrial asset integrity and laboratory testing solutions.