MasTec has agreed to acquire The Superior Group for $1.65 billion, adding one of the country’s largest electrical contractors and expanding its position in data center infrastructure. The MasTec Superior Group acquisition includes $1.175 billion in cash and $475 million in MasTec stock, with an additional performance-based payment possible after closing. Superior expects to generate between $1.6 billion and $1.7 billion in 2026 revenue.
MasTec Superior Group Acquisition Terms
The transaction combines a national infrastructure contractor with a specialist serving hyperscale data center developers and other large customers. MasTec will issue shares for part of the purchase price and fund the cash portion through available liquidity and financing. The companies did not disclose the maximum value of the contingent payment in the initial public details.
Superior’s results will be added to MasTec after the transaction closes. The target’s projected 2026 revenue provides a measure of its scale, but the parties did not publish a complete income statement, backlog figure or customer concentration schedule with the announcement.
The acquisition remains subject to regulatory approval and customary closing conditions. MasTec expects Superior’s management and operating teams to join the company, preserving the technical organization that has built the contractor’s data center relationships.
MasTec Chief Executive José Mas described Superior as a leading provider of electrical infrastructure to hyperscalers and data center developers. The deal follows rising investor interest in contractors that can deliver the power and building systems required by artificial-intelligence campuses.
MasTec Superior Group Acquisition Expands Data Center Scope
Data center construction requires tightly coordinated electrical and mechanical packages. Electrical contractors install utility connections, substations, switchgear, busway, backup generation, uninterruptible power systems and controls. Mechanical contractors deliver cooling plants, air handlers, pumps, piping and liquid-cooling distribution. Schedule and commissioning depend on the two scopes advancing together.
Superior gives MasTec a larger role on the electrical side of those projects. MasTec already works across communications, power delivery, clean energy, pipelines and civil infrastructure. Adding Superior increases exposure to privately funded digital infrastructure and reduces the relative weight of some traditional utility and communications markets.
The target’s expected $1.6 billion to $1.7 billion revenue range indicates that the business is not a small add-on. Integration will affect MasTec’s segment mix, customer base and backlog profile. The company has said it plans to reduce acquisition-related debt after closing while using project cash flow to support the combined operation.
Data center contractors have benefited from multiyear capital plans at major technology companies. The work can carry large contract values and repeat-customer opportunities, but it also creates concentration, execution and labor risks. Projects require experienced management, safety performance and the ability to procure equipment with long lead times.
Closing Outlook for the MasTec Superior Group Acquisition
The parties have not announced major facility closures or workforce reductions. Superior’s value to MasTec is tied to its skilled workforce, customer relationships and project-delivery capability, making operational continuity a central part of the acquisition rationale.
Analysts raised several MasTec price targets after the announcement, citing the added data center exposure and Superior’s revenue outlook. MasTec shares also moved higher following the deal disclosure. Those market reactions do not change the transaction terms and remain subject to broader equity-market conditions.
The purchase price consists of $1.175 billion in cash and $475 million in MasTec shares. Superior may also receive an additional payment based on financial performance during the 36 months after closing. MasTec did not disclose the maximum earnout in the initial announcement, leaving the final consideration dependent in part on the acquired company’s post-closing results.
Superior’s work is concentrated in electrical infrastructure for hyperscalers and data center developers. Its scope can include incoming utility service, substations, switchgear, distribution, backup power and the electrical systems serving mechanical equipment. Those packages are closely linked to cooling construction because chillers, pumps, cooling towers and liquid-cooling equipment cannot be commissioned without stable power and completed controls interfaces.
MasTec operates across communications, power delivery, clean energy, pipeline and civil infrastructure. Superior’s projected 2026 revenue of $1.6 billion to $1.7 billion will materially increase the company’s exposure to privately financed data center construction once the deal closes and the results are consolidated.
The MasTec Superior Group acquisition is expected to move through antitrust and customary closing review before the businesses combine. Once completed, MasTec will have a substantially larger electrical construction platform serving hyperscale campuses, where cooling, power and controls account for a significant share of total project cost.
