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MISTRAS Group
MISTRAS Overview

Company Profile

MISTRAS is a leading, OneSource, global provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure. MISTRAS combines our industry-leading services, products, technologies, and software to provide a unique, custom-tailored solution for each customer’s individual asset protection need.

Our asset protection portfolio includes field and laboratory inspections & testing; engineering services for asset integrity management; maintenance and light mechanical services; online asset-condition monitoring services; and manufacturing of inspection and monitoring equipment. Data from these solutions is centralized in MISTRAS’ world-class inspection data management software – PCMS – to provide our clients with integrated, comprehensive asset protection from a single provider.

Quick Facts

Founded in 1978.

NYSE: MG. IPO in 2009.

World Headquarters in Princeton Junction, NJ – USA.

~5,000 employees worldwide.

Over 115 locations worldwide.

The Only Publicly-Listed “Pure-Play” Asset Protection Company.

Key Markets

  • Oil & Gas
  • Downstream
  • Midstream
  • Upstream
  • Petrochemical
  • Aerospace
  • Power
  • Infrastructure
  • Manufacturing

Market
Revenue Breakdown

Our Vision: Be The Integrated-Solution Partner To Solve Civilization’s Unmet Asset Protection Needs Our Mission: We Will Deliver Value By Developing, Integrating, And Executing Asset Protection Solutions That Maximize Uptime And Safety

Core Values

Safety and Health Stewardship

Safety and health are an integral part of all our activities. We believe that all safety incidents are preventable and our goal for them is zero.

Customer Satisfaction

We ensure that the highest level of quality service and product conformance are delivered flawlessly to our customers knowing that this is key to the success of our business.

Leadership

We will continue to be the leading “one source” provider of technology enabled asset protection solutions. We practice leadership and integrity in all areas of our business including diversity in our people and sophistication in our products, services and software.

Our Employees

We understand that our people are key to our success and everything we do reflects on their integrity, skills, ethics and commitment, and in return, they deserve to be treated fairly and with trust and respect.

Enhancing Shareholder Value

By meeting our core values, we will be able to increase and maintain profitable growth and enhanced shareholder returns.

MISTRAS specialties

Field Inspections

Individual spot inspections all the way up to evergreen inspection program management and execution

Lab QA/QC Services

In-house testing and quality assurance solutions for newly-fabricated components and materials

Consulting

Engineering and mechanical integrity consultation services to optimize facility design and operations

Maintenance Services

Complementary light mechanical services to clean and repair assets after damages are discovered in inspections

Access

Trained and industry-certified technicians safely access assets in at-height, confined, subsea, and hazardous locations

Data Management

World-class, proprietary Inspection Data Management Software (IDMS) seamlessly stores, organizes, and analyzes enterprise mechanical integrity data

Monitoring

Monitoring systems keep owners informed of potential damages in high-value assets in between scheduled inspections

Equipment

Innovative, leading-edge inspection equipment enables our customers to track their assets’ conditions

Our Heritage

1978
1983
1985
1994
1999
2000
2001
2003
2007
2008
2009
2010
2011
2012
2013
2014
2017
2018

Dr. Sotirios J. Vahaviolos founds Physical Acoustics Corporation (PAC)

UK operations begin

Acquisition of Dunegan Corp., oldest AE equipment manufacturer in the world

Brazil operations begin

PAC becomes MISTRAS Holdings Group

Expansion into UT equipment w/ NDT Automation

NDT services begin w/ QSL acquisition

Vibra-Metrics acquired to expand vibration and PdM equipment

MISTRAS acquires CONAM Inspection & Engineering

Acquisition of PCMS data management software

MISTRAS Holding Group becomes MISTRAS Group, Inc.

Canada operations begin

MISTRAS goes public (NYSE:MG)

21 NDT companies acquired between 2005-2010

MISTRAS enhances rope access solutions with SKALA (Ropeworks) acquisition

German operations expand with GMA Group acquisition

MISTRAS acquires monitoring system manufacturer Triple 5 Industries

MISTRAS acquires Carmagen Engineering

NACHER acquisition boosts maintenance capabilities

RAC Group acquired to expand rope access mechanical services

Changes in Executive Leadership

West Penn acquisition bolsters aerospace services

20 years of safe operations at Shell Martinez (CA) refinery from 1997-2017

New Vision & Mission guide our future direction