Kirkland Advises H.I.G. Capital on Acquisition of MISTRAS

Kirkland & Ellis advised global alternative investment firm H.I.G. Capital on a definitive agreement to acquire MISTRAS Group, Inc. (NYSE: MG), a global leader in technology-enabled industrial asset integrity and laboratory testing solutions. The all-cash transaction represents an enterprise value of approximately $866 million, including outstanding debt. The acquisition was announced September 18, 2026 and is expected to close in late 2026 or early 2027, subject to customary closing conditions, including approval by the company’s stockholders and the receipt of required regulatory approvals. H.I.G. affiliates have entered into voting and support agreements with holders of approximately 31% of the company’s common stock, under which these stockholders have agreed to vote all owned shares in favor of the transaction.

Read the transaction press release

The Kirkland team included corporate lawyers Matt Arenson, Lee Blum, Adam Natan and Parker Conway; debt finance lawyers Jason Kanner, Omar Raddawi, Brittany Roger and Carly Bishop; and executive compensation lawyer Anthony Ji.