MasTec to acquire Superior Group in $1.65 billion deal to expand data center operations
Rising investment in AI-linked infrastructure is driving contractors to broaden their data center capabilities across the U.S. MasTec says it will buy electrical contractor Superior Group in a $1.65 billion cash-and-stock deal, with the transaction expected to close by mid- to late-July.
Highlights
- MasTec acquires Superior Group for $1.65 billion to enhance data center and electrical systems capabilities amid growing infrastructure demand.
- Superior is expected to contribute $800 million to $900 million in revenue and 50 to 65 cents in adjusted EPS to MasTec for the remainder of 2026.
- MasTec shares rise 2% after the deal announcement, with Superior projected to deliver $1.6 billion to $1.7 billion in 2026 revenue and $225 million to $250 million in adjusted EBITDA.
Deal expands data center capabilities
As reported by Reuters, the transaction gives MasTec added electrical systems expertise for its existing data center offerings, which already include energy, construction and communications infrastructure.Chief Executive Jose Mas says Superior strengthens the company’s ability to serve the ongoing buildout of data center, power and mission-critical infrastructure, which he describes as one of the strongest opportunities in the market. Superior, led by Bryan Stewart, employs about 3,000 people and is one of the largest electrical contractors in the U.S.
MasTec says the acquisition is expected to add to revenue and profit. For the rest of 2026, Superior is anticipated to contribute about $800 million to $900 million in revenue and adjusted earnings per share of 50 cents to 65 cents.
Financial impact and market backdrop
For the full year, Superior is projected to generate revenue of $1.6 billion to $1.7 billion and adjusted EBITDA of $225 million to $250 million. Investors appear to welcome the deal, with MasTec shares rising 2% in extended trading.MasTec has been benefiting from the AI-driven expansion of data centers. In the January-March quarter, the company posts adjusted profit that nearly triples to $1.39 per share on revenue that grows 35% to $3.83 billion.
In our earlier article on tech-led earnings expectations for U.S. equities, we noted that strong profit forecasts were reinforcing a bullish outlook for the S&P 500, with technology seen as the main driver of the next leg higher. We also highlighted how AI-related demand—particularly in memory—was expected to sustain earnings momentum beyond a typical cycle, keeping names like Micron central to the broader AI trade.
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