MasTec closes previously announced $1.65 billion acquisition of Superior Group

• MasTec closed its previously announced acquisition of Electrical Specialists, doing business as The Superior Group, in a cash-and-stock deal valued at about USD 1.65 billion.
• Consideration includes customary purchase price adjustments and a potential cash earnout tied to Superior’s post-closing performance.
• The cash portion was funded with cash on hand, borrowings under MasTec’s existing credit facility, and two delayed draw term loan facilities arranged for the deal.
• MasTec expects the addition of Superior to expand its capacity for data center, power, and other mission-critical infrastructure work.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MasTec Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720247057) on July 20, 2026, and is solely responsible for the information contained therein.