MISTRAS Group, Inc.
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MISTRAS Group, Inc. - overview
Established
1978
Location
-, NJ, US
Primary Industry
Business Support Services
About
MISTRAS Group, Inc. delivers comprehensive asset protection solutions through advanced inspection technologies and engineering services, ensuring industrial asset integrity and compliance across diverse sectors worldwide. Founded in 1978 in the US, MISTRAS Group, Inc. specializes in asset protection solutions.
The company has undergone strategic developments to enhance its service offerings. It operates globally with a strong presence in North America, Europe, and Asia. MISTRAS Group was initially established through the efforts of founders who possess extensive industry experience. The company has participated in 4 funding deals, with the most recent funding round being a Private Placement/Follow on in May 2011, raising USD 44.
20 mn, which matches the total amount raised to date. MISTRAS Group specializes in asset protection solutions, offering a comprehensive suite of services designed to safeguard critical industrial assets globally. Their main product offerings encompass advanced inspection technologies, including Risk-Based Inspection (RBI), Large Structure Inspection (LSI™), unmanned drone inspections, and various engineering and monitoring solutions. These services are aimed at industries such as oil and gas, aerospace, power generation, and manufacturing, addressing challenges related to asset integrity, safety, and compliance.
MISTRAS Group serves a diverse client base that includes major corporations in these sectors, providing tailored solutions that enhance operational efficiency and reduce downtime. Their products are deployed across various geographical markets, including North America, Europe, and Asia, ensuring a wide-reaching impact in maintaining asset reliability and regulatory adherence. In the most recent year of 2024, MISTRAS Group reported a revenue of USD 729. 64 mn and an EBITDA of USD 72.
84 mn. The company generates revenue through contractual agreements with clients, focusing on B2B transactions that include service contracts and project-based engagements for inspections and monitoring services, ensuring a steady revenue stream through both one-time and long-term partnerships. MISTRAS Group is focused on expanding its product offerings and geographic reach. Plans are underway to introduce new inspection technologies and services tailored to emerging market needs.
The company aims to penetrate additional regions, particularly in emerging markets across Asia and South America by 2025. Recent funding from the Private Placement/Follow on will support these initiatives, enabling MISTRAS Group to enhance its technology and expand its operational capacity.
Primary Industry
Business Support Services
Sub Industries
Engineering
Website
www.mistrasgroup.com
Verticals
Infrastructure, Social Media
Company Stage
Mature
Total Amount Raised
Subscriber access only
MISTRAS Group, Inc. - timeline of key events
MISTRAS Group, Inc. - financials
| Fiscal Year Ended | May 31, 2010 | May 31, 2011 | May 31, 2012 | May 31, 2013 | May 31, 2014 | May 31, 2015 | May 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 272,128,000 | 338,589,000 | 436,875,000 | 529,282,000 | 623,447,000 | 711,252,000 | 719,181,000 | 700,970,000 | 742,354,000 | 748,586,000 | 592,571,000 | 677,131,000 | 687,373,000 | - | - | - |
| % Revenue Growth (YoY) | - | 24.4% | 29.0% | 21.2% | 17.8% | 14.1% | 1.1% | - | - | 0.8% | (20.8%) | 14.3% | 1.5% | - | - | - |
| EBITDA (USD) | 36,286,000 | 48,372,000 | 58,940,000 | 54,326,000 | 66,724,000 | 63,639,000 | 75,651,000 | 35,543,000 | 56,634,000 | 62,670,000 | (65,512,000) | 53,091,000 | 53,093,000 | - | - | - |
| Operating Income (USD) | 20,897,000 | 29,611,000 | 36,769,000 | 27,554,000 | 38,295,000 | 30,353,000 | 43,177,000 | 4,160,000 | 22,221,000 | 24,137,000 | (101,217,000) | 18,170,000 | 19,799,000 | - | - | - |
| Operating Margin | 7.7% | 8.7% | 8.4% | 5.2% | 6.1% | 4.3% | 6.0% | 0.6% | 3.0% | 3.2% | (17.1%) | 2.7% | 2.9% | - | - | - |
| % EBITDA Margin | 13.3% | 14.3% | 13.5% | 10.3% | 10.7% | 8.9% | 10.5% | 5.1% | 7.6% | 8.4% | (11.1%) | 7.8% | 7.7% | - | - | - |
| NET Income (USD) | 10,452,000 | 16,336,000 | 21,346,000 | 11,639,000 | 22,575,000 | 15,991,000 | 24,650,000 | (2,168,000) | 6,845,000 | 6,080,000 | (99,466,000) | 3,893,000 | 6,574,000 | - | - | - |
| % Net Margin | 3.8% | 4.8% | 4.9% | 2.2% | 3.6% | 2.2% | 3.4% | (0.3%) | 0.9% | 0.8% | (16.8%) | 0.6% | 1.0% | - | - | - |
MISTRAS Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Onstream Pipeline Inspection Services Inc. | - | ||||||||
| Private Placement/Follow on | Completed | MISTRAS Group, Inc. | - | ||||||||
| IPO | Completed | MISTRAS Group, Inc. | - | ||||||||
| Growth | Completed | MISTRAS Group, Inc. | - | ||||||||
| Growth | Completed | MISTRAS Group, Inc. | - |
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MISTRAS Group, Inc. - employee data
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