MISTRAS Group, Inc. Announces Expiration of “Go-Shop” Period

PRINCETON JUNCTION, N.J., Oct. 28, 2026 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG) (“MISTRAS” or the “Company”), a global leader in technology-enabled industrial asset integrity and laboratory testing solutions, today announced the expiration of the 40-calendar-day “go-shop” period under the terms of the previously announced definitive merger agreement entered into by the Company with entities affiliated with H.I.G. Capital, LLC (“H.I.G.”), dated as of September 17, 2026 (the “Merger Agreement”), pursuant to which affiliates of H.I.G. have agreed to acquire the Company in an all-cash transaction for $20.35 per share of common stock. The “go-shop” period expired at 11:59 p.m. Eastern Time on October 27, 2026. No alternative acquisition proposals were received from any third party prior to the expiration.

During the 40-day “go-shop” period, at the direction of the Company’s board of directors, the Company and its financial advisor, Robert W. Baird & Co. Incorporated (“Baird”), actively solicited inquiries relating to alternative acquisition proposals from a wide range of potentially interested third parties. In total, the representatives of Baird contacted, or were contacted by, 122 third parties, consisting of 24 strategic companies, including a party with which the Company had previously discussed a strategic business combination, and 98 financial sponsors. The Company entered into confidentiality agreements, all of which contained customary standstill and non-solicit provisions, with 40 of those third parties and provided access to certain non-public information regarding the Company.