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Mirion Technologies (NYSE: MIR), a global provider of radiation monitoring and analysis solutions, has acquired Fort Worth-based Certrec, a regulatory compliance and digital integration firm serving the energy industry.
The deal, valued at $81 million in cash plus equity incentives, adds to Mirion’s nuclear power offerings and strengthens its digital capabilities.
Certrec has supported the energy sector since 1988, offering regulatory expertise and compliance support for nuclear, fossil, solar, and wind power facilities. Its clients include every nuclear reactor facility in the U.S., as well as more than 80 entities across the U.S., Canada, and Mexico relying on Certrec for NERC compliance.
“I am delighted to welcome Certrec to the Mirion family,” said Thomas Logan, Mirion’s chairman and CEO, in a statement. “The Certrec team brings deep industry relationships and significant software and services capabilities to Mirion that will be pivotal in expanding our offerings in the nuclear power market and further strengthen the development of our digital ecosystem.”
Certrec was founded in 1988 by CEO and President Ted Enos and CFO and Vice President Kathy Enos.
Certrec joins Mirion’s Nuclear & Safety group. According to a press release, Certrec meets top global standards for keeping information secure and has a strong track record of passing audits that show it handles customer data responsibly.
Mirion paid nearly 17 times what Certrec is expected to earn in 2025 because it brings in steady, repeat business in a tightly regulated industry, according to the press release.