MISTRAS, a “one source” global provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure, completed the acquisition of Onstream Pipeline, a North American provider of proprietary technology enabling pipeline inspection and data analytics services primarily to the gathering and mid-stream market, from Novacap, a Canadian private equity firm, for c.$143m. "The acquisition of Onstream is an ideal opportunity to diversify our business. It will enable us to leverage our strength in the midstream market and accelerate our growth by accomplishing our strategic initiative to add a pipeline integrity pillar to our service portfolio. Onstream is recognized as a leading company in the small- to mid-bore pipeline inspection market in North America and it has been growing at better than 20% annually over the past five years, while maintaining an extremely attractive margin profile. Onstream is also a technological innovator, with a growing proportion of its revenues derived from new markets and services,” Dennis Bertolotti, MISTRAS Chief Executive Officer.