MasTec to acquire electrical contractor Superior Group in $1.65 billion deal

MasTec, Inc. (MTZ) The Superior Group Inc. - M&A Call - Slideshow (NYSE:MTZ) 2026-07-08

2026-07-08. The following slide deck was published by MasTec, Inc.

MasTec to acquire contractor for $1.65 billion

MasTec to buy Superior Group in $1.65 bln deal to expand data center business

Infrastructure engineering and ‌construction firm MasTec said on Tuesday it would acquire electrical contractor Superior Group in a $1.65 billion cash-and-stock deal, expanding its capabilities in the fast-growing ​data center infrastructure market.

MasTec stock jumps as $1.65B Superior deal boosts AI data center push

MasTec stock jumps as $1.65B Superior deal boosts AI data center push

MasTec (MTZ) Shares Decline 6% Following $1.65 Billion Superior Group Deal

Key Highlights MasTec (MTZ) is purchasing electrical contracting firm The Superior Group in a $1.65 billion transaction Transaction terms include $1.175 billion cash plus $475 million in MTZ shares, with additional earnout provisions Superior anticipates generating between $1.6 billion and $1.7 billion in revenue throughout 2026 Shares of MTZ declined 5.72% in response to the acquisition news Investment firm Mizuho increased MTZ price target to…

MasTec to Acquire the Superior Group

MasTec Inc., an infrastructure engineering and construction company, announced that it has entered into a definitive agreement to acquire Electrical Specialists Inc., doing business as the Superior Group, a full-service electrical contractor focused on critical infrastructure. The acquisition... The post MasTec to Acquire the Superior Group appeared first on Staffing