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MasTec has announced plans to acquire electrical contractor Superior Group in a USD 1.65 billion cash-and-stock deal to expand its presence in the rapidly growing data centre infrastructure market. The acquisition will strengthen MasTec's electrical systems capabilities as demand for AI-driven digital infrastructure continues to rise. The company expects the transaction to boost both revenue and profitability, with Superior projected to contribute significantly to financial performance during the remainder of 2026. The deal is expected to close by mid- to late-July, subject to customary closing conditions.
Infrastructure engineering and construction company MasTec has announced that it will acquire electrical contractor Superior Group in a USD 1.65 billion cash-and-stock transaction, strengthening its position in the fast-growing data centre infrastructure sector.
Following the announcement, MasTec's shares rose around 2% in extended trading, reflecting positive investor sentiment towards the acquisition.
The acquisition will enhance MasTec's existing portfolio of data centre services by adding Superior's electrical systems expertise to its capabilities across energy, construction and communications infrastructure. The move comes as technology companies continue to increase investments in data centres to support the growing computing requirements driven by artificial intelligence (AI).
MasTec Chief Executive Officer Jose Mas said the acquisition would expand the company's ability to serve one of the strongest infrastructure opportunities in the market, highlighting the continued development of data centres, power infrastructure and other mission-critical facilities.
The company expects the transaction to contribute positively to both revenue and earnings. For the remainder of 2026, Superior is projected to add between USD 800 million and USD 900 million in revenue, along with adjusted earnings per share of USD 0.50 to USD 0.65.
For the full year, Superior is expected to generate revenue in the range of USD 1.6 billion to USD 1.7 billion, while adjusted EBITDA is projected between USD 225 million and USD 250 million.
Led by Bryan Stewart, Superior employs around 3,000 people and is among the largest electrical contracting companies in the United States. Its expertise in electrical construction and mission-critical facilities is expected to complement MasTec's broader infrastructure business and strengthen its ability to execute large-scale projects.
The acquisition follows a strong financial performance by MasTec. In the January-March quarter, the company reported adjusted earnings of USD 1.39 per share, nearly three times higher than the corresponding period a year earlier, while revenue increased 35% to USD 3.83 billion. The company has been benefiting from growing investments in AI-related infrastructure, particularly the rapid expansion of data centres across the United States.
The transaction is expected to be completed by mid- to late-July, subject to customary closing conditions
Source Reuters
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