MasTec has signed a definitive agreement to acquire The Superior Group for nearly $1.65bn, a move aimed at expanding its data centre service capabilities.
The purchase price, which will comprise approximately $475m in MasTec shares and $1.175bn in cash, is expected to close in mid to late July 2026 subject to customary regulatory approvals, including antitrust clearance.
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Superior employs approximately 3,000 staff and delivers complex, large-scale data centre projects across the US.
Under the leadership of chairman and CEO Bryan Stewart, the company has provided end-to-end electrical solutions covering design, construction, engineering, project management, integrated systems, and ongoing maintenance for a broad base of clients.
Superior operates in sectors such as healthcare and entertainment but is recognised for its role in building data centre infrastructure.
MasTec reported that Superior will operate as a new group within the company, retaining its current management team.
For the remainder of 2026 after the completion of the transaction, Superior is expected to generate between $800m and $900m in revenue and add $0.50 to $0.65 in adjusted earnings per share for MasTec.
Projections for the entire 2026 year indicate Superior could reach $1.6bn to $1.7bn in revenue and $225m to $250m in adjusted EBITDA. MasTec noted the addition is expected to be immediately accretive to revenue and profit.
MasTec CEO Jose Mas said: “Superior expands our ability to serve one of the most compelling infrastructure opportunities in the market today—the ongoing buildout of data centre, power and mission-critical infrastructure.
“Together, we will be able to provide customers with a broader suite of self-perform capabilities spanning power generation, transmission, substations, civil infrastructure, communications and inside-the-fence electrical systems, enhancing our ability to support customers across a wider range of mission-critical infrastructure projects.”
