Mirion acquires Certrec for $81M plus equity

Mirion (MIR) announced the acquisition of Certrec, a supplier of regulatory compliance and digital integration solutions for the energy industry. Operating out of Fort Worth, TX, Certrec solutions help ensure a stable and reliable bulk electric supply. Certrec, joining the Mirion Nuclear & Safety group, is ISO/IEC 27001:2022 certified and has successfully completed annual SOC 2 Type 2 examinations. The cash purchase price of $81M plus additional equity incentives granted reflects an acquisition multiple of 16.9x EV/’25E EBITDA for a high-recurring revenue software and services business.