Mistras Group is a global leader in technology-enabled industrial asset integrity and laboratory testing solutions serving oil and gas, aerospace and defense, power and utilities, manufacturing, and civil infrastructure sectors. The company provides a diversified portfolio of services including non-destructive testing and pipeline inspections, laboratory testing for metals and composites, data analytics software (including its proprietary PCMS® used by approximately half of U.S. refiners), maintenance and engineering consulting, and specialized access and equipment design services. The company generates recurring revenues primarily through long-term "run and maintain" outsourcing relationships with large asset-intensive operators, leveraging its proprietary management software suite, deep domain expertise, and decades-long customer relationships to support regulatory compliance and risk-based decision-making across mission-critical equipment and facilities.