MasTec has entered a definitive agreement to acquire electrical infrastructure contractor The Superior Group for $1.65 billion to expand its presence in the rapidly growing data center market.

Key Points

• The transaction includes $1.175 billion in cash and $475 million in MasTec common stock, plus a performance-based earn-out.
• Superior Group specializes in electrical construction for mission-critical facilities, including data centers and hyperscale projects.
• MasTec expects the acquisition to be immediately accretive to revenue, adjusted EBITDA, earnings per share, and cash flow.
• Superior will operate as a new unit within MasTec’s Power Delivery segment, bringing approximately 3,000 skilled union employees.
• The deal is expected to close later this month, with MasTec projecting Superior to generate up to $2.5 billion in revenue by 2027.

Why it Matters

This acquisition positions MasTec to capture a larger share of the massive infrastructure investment driven by artificial intelligence and cloud computing demand. By integrating Superior’s internal electrical capabilities with its own external power delivery services, MasTec can offer comprehensive, turnkey solutions to major data center developers.