MISTRAS Overview

Company Profile

MISTRAS Group, Inc. (NYSE: MG) is a global leader in technology-enabled industrial asset integrity solutions, serving critical industries including oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure.

The company provides a diversified portfolio of products and services, ranging from advanced non-destructive testing and pipeline inspections to real-time condition monitoring, maintenance planning, and specialized engineering, powered by a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis.

With a long-standing track record of innovation and deep industry expertise, MISTRAS helps clients reduce risk, extend asset life, and optimize operational performance.

Quick Facts

Founded in 1978.

NYSE: MG. IPO in 2009.

World Headquarters in Princeton Junction, NJ – USA.

~4,000 employees worldwide.

~100 locations worldwide.

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

Key Industries

Oil & Gas
Downstream
Midstream
Upstream
Aerospace & Defense
Infrastructure
Amusement Parks
Bridges
Construction/Commercial Buildings
Dams
Ports
Road Rails

Power
Combined Cycle
Fossil Power
Nuclear Power
Transmission & Distribution
Wind & Renewable Energy
Manufacturing
Automotive
Chemical
Industrial
Mining
Petrochemical
Pulp & Paper

Market
Revenue Breakdown

*As of CY2023

Our Vision: Be The Integrated-Solution Partner To Solve Civilization’s Unmet Asset Protection Needs

Core Values

The Core Values are connected and summed up by a single word: CARING. By always caring about each other and our work, we will continue to fulfill our pledge as the leading OneSource provider of asset protection solutions.

Safety and Health Stewardship

Safety and health are an integral part of all our activities. We believe that all safety incidents are preventable if the proper care measures are taken.

Our Employees

Our employees’ integrity, skills, ethics, and commitment are the keys to Caring Connects. It is our responsibility to ensure that we’re all treated fairly with trust and respect.

Customer Satisfaction

We will make the customer a priority by always delivering the highest level of quality services and products with care.

Leadership

We strive to practice leadership in all areas of our business, by leveraging the diverse talents of our people and through the sophistication of our solutions.

Enhancing Stakeholder Value

By consistently caring about our people and our work, we will increase and maintain profitable growth and enhanced stakeholder returns.

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MISTRAS specialties

Field Inspections

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

Lab Testing

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

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

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

2019

2021

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

Acquired Onstream Pipeline Inspection and New Century Software, providing MISTRAS with one of the most complete, data-driven portfolios of pipeline solutions in the asset protection industry

Celebrated 10 years on the New York Stock Exchange (NYSE)

Released OneSuite™ – the first-ever asset protection software ecosystem – continuing our legacy as an asset protection innovator