Fort Worth-Based Certrec Acquired by Mirion Technologies in $81M Deal

Fort Worth-based Certrec has been acquired by Atlanta-based Mirion Technologies (NYSE: MIR) for $81 million in cash, plus equity incentives.

Mirion said Certrec’s regulatory depth and recurring revenue made it a strong strategic fit.

Founded in 1988, Certrec provides regulatory compliance and digital integration services to power-generating facilities across nuclear, fossil, solar, and wind sectors. Its solutions help ensure a stable and reliable bulk electric supply, the company said in a late July announcement.

“The Certrec team brings deep industry relationships and significant software and services capabilities to Mirion,” Chairman and CEO Thomas Logan said in a statement. He called the company’s expertise “pivotal in expanding our offerings in the nuclear power market.”

Mirion said Certrec’s innovation has helped hundreds of facilities reduce risk and manage regulatory compliance with the Nuclear Regulatory Commission (NRC) and North American Electric Reliability Corp. (NERC).

“Today, every U.S. nuclear reactor facility employs Certrec solutions,” the company said. “More than 80 entities in the U.S., Canada, and Mexico rely upon Certrec NERC compliance services to decrease regulatory and reputational risk.”

Mirion paid nearly 17 times Certrec’s projected 2025 earnings, citing the firm’s consistent performance in a high-stakes, regulated space.

Certrec was founded in Fort Worth by CEO and President Ted Enos and CFO and Vice President Kathy Enos. It will now operate as part of Mirion’s Nuclear & Power group.

Mirion provides radiation detection and safety technologies used in nuclear energy, medical imaging, defense, and research. Its Nuclear & Safety division serves labs and power facilities, while its Medical group supports diagnostic imaging and radiation therapy.

With about 2,800 employees across 12 countries, the company says the deal supports its strategy to expand nuclear capabilities and meet rising global energy demand.

Quincy Preston contributed to this report.