MasTec Bets Big on AI Infrastructure With $1.65B Superior Group Deal

MarketBeat

Sun, July 12, 2026 astatine 1:01 PM CDT 6 min read

Key Points

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• MasTec is buying Superior Group for astir $1.65 billion, with the woody structured arsenic $1.175 cardinal successful cash, $475 cardinal successful MasTec stock, and a performance-based earn-out. The institution expects to adjacent the transaction aboriginal this period pending regulatory approval.

• The acquisition is designed to deepen MasTec's vulnerability to AI, cloud, and information halfway infrastructure. Superior adds electrical operation and related services "inside the campus," complementing MasTec's existing enactment connected powerfulness and communications infrastructure extracurricular information centers.

• MasTec expects the woody to beryllium immediately accretive to revenue, EBITDA, EPS, and currency flow, with Superior projected to adhd astir $800 cardinal to $900 cardinal of gross and $100 cardinal to $150 cardinal of adjusted EBITDA successful 2026. Management besides said the transaction should support leverage manageable and fortify the company's semipermanent maturation outlook.

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MasTec (NYSE:MTZ) said it has entered into a definitive statement to get The Superior Group, an electrical infrastructure contractor focused connected information centers and different mission-critical markets, successful a transaction valued astatine astir $1.65 cardinal upfront.

Chief Executive Officer Jose Mas said connected the league telephone that the acquisition expands MasTec's presumption successful infrastructure tied to artificial intelligence, unreality computing and integer infrastructure. He described Superior arsenic "one of the premier electrical infrastructure contractors" serving hyperscalers, information halfway developers and mission-critical customers crossed the United States.

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"We judge this represents a generational infrastructure concern accidental for the companies with the capabilities, skilled workforce, and way grounds to assistance physique it," Mas said.

Deal Terms and Financing

Chief Financial Officer Paul DiMarco said the acquisition terms consists of $1.175 cardinal successful currency and $475 cardinal successful MasTec communal stock, on with a performance-based earn-out tied to Superior's fiscal results implicit the 3 years aft closing. MasTec expects to contented astir 1.2 cardinal shares arsenic portion of the equity consideration.

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DiMarco said MasTec expects to money the currency information done currency connected hand, borrowings nether its existing recognition installation and delayed-draw word indebtedness facilities arranged for the transaction. The institution expects the woody to adjacent aboriginal this period aft regulatory clearance.