Asset protection firm makes $74M acquisition

Asset protection company Mistras Group has acquired the Pittsburgh-based West Penn Non-Destructive Testing LLC.

The $74 million cash deal was announced last week in a news release from the Princeton Junction firm.

“We are excited to welcome West Penn to Mistras Group,” CEO Dennis Bertolotti said in a statement. “The entire West Penn team has been extremely focused on developing strong relationships with tier one and tier two suppliers and supports important new product innovations within the aerospace industry. West Penn is not only an important addition to our team, but also a key part of our strategy to increase our aerospace business and our focus on new aerospace engine programs.”

West Penn primarily services aerospace clients, but also provides safety evaluations and testing services for the metals, automotive, manufacturing, military and automotive industries.

The company has additional locations in Savannah, Georgia, and Richburg, South Carolina.

West Penn President Jim DeCellis will serve as regional manager for Mistras Group.