HedgeCo.Net — MISTRAS Group, Inc. (NYSE: MG) entered a definitive agreement to be acquired by affiliates of H.I.G. Capital for $20.35 per share in cash, according to a company release carried via StockTitan / GlobeNewswire and MarketScreener coverage around September 18, 2026. The all-cash deal implies an enterprise value of about $866 million including debt. The price represents premiums of roughly 8% and 13% to the 30-day and 90-day volume-weighted average prices ended September 17, and the MISTRAS board unanimously approved the transaction.
Closing is expected in late 2026 or early 2027, subject to stockholder and regulatory approvals. Shareholders representing about 31% of voting power have entered support agreements, and the merger agreement includes a 40-day go-shop period running through October 27, 2026. H.I.G. manages about $75 billion of capital. MISTRAS provides industrial asset-integrity and nondestructive testing services.
This is a signed take-private pending closing and go-shop, not a completed delisting. Mark the $20.35 per share cash price, ~$866 million EV including debt, the 8%/13% VWAP premiums, the ~31% voting support, the Oct 27 go-shop, and the late-2026/early-2027 timing as sourced. Do not invent EBITDA multiples or financing sources beyond the published tape.