MasTec Acquires Superior Group for $1.65 Billion to Expand Data Center Capabilities
MasTec has announced its acquisition of Superior Group for $1.65 billion in cash and stock, enhancing its data center infrastructure offerings. This strategic move is designed to meet the growing demand in the AI sector and is expected to increase MasTec's revenue and profitability significantly.
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MasTec is set to acquire Superior Group for about $1.65 billion, comprising $475 million in stock and $1.175 billion in cash. This acquisition aims to bolster MasTec's services in the data center market, projected to generate $800 million to $900 million in revenue and $100 million to $115 million in adjusted EBITDA for the remainder of 2026.
For the full year 2026, Superior is anticipated to contribute $1.6 billion to $1.7 billion in revenue and $225 million to $250 million in adjusted EBITDA. The closing of the deal is expected by mid to late July 2026, pending regulatory approval. This acquisition may enhance MasTec's capabilities in electrical systems, integral for data center operations, which could lead to increased competitiveness and project qualification.
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