Mistras Group (MG) operates in the often forgotten and generally unknown niche of nondestructive testing and is expanding its operations into a more general "Asset Protection" industry. This includes equipment testing services, field inspections, physical asset monitoring, data management, consulting, and almost all services related to protecting infrastructure from deterioration.
While the company is well-run and is working to drastically grow revenue and cut costs, about half of its revenue comes from the oil and gas industry which is, for lack of a better word, in the dumps. The company provides services on