MISTRAS acquires NACHER Corp., an offshore maintenance company

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    Princeton Junction-based MISTRAS Group Inc. announced Thursday that it has acquired The NACHER Corporation, a provider of maintenance and inspection services primarily on offshore platforms.

    NACHER has offices in Louisiana that service customer assets in the Gulf and Pacific coastal regions.

    "NACHER is an exciting addition to our team, enabling MISTRAS Group to break into a robust offshore market that includes over 3,800 offshore platforms in the Gulf region alone, along with fabrication facilities that support the rigs and platforms," Dr. Sotirios J. Vahaviolos, chairman, CEO and president of MISTRAS Group, said in a statement. "The addition of NACHER allows us to address the upstream operations of our major integrated energy customers, where we are currently providing services for their mid- and/or downstream operations."

    Vahaviolos said in a statement that he expects the acquisition will add about $25 million in revenue for the company’s fiscal year.

    NACHER will continue to be managed by CEO Chris Fontenot, and President and COO Derek Fontenot.

    "Our entire team is excited to join MISTRAS Group,” Chris Fontenot said.

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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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