Mistras Group Inc. seeks to hold an initial public offering on the New York Stock Exchange. The Princeton Junction, N.J.-based provider of technology-enabled testing software is planning an IPO worth up to $172.5 million. It has named Credit Suisse and JPMorgan as co-lead. Mistras will use IPO proceeds for general corporate purposes, including working capital and for possible acquisitions.
The company is in the portfolio of both Thayer Hidden Creek and Altus Capital Partners. www.mistrasgroup.com