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MasTec Expands Data Center Capabilities With $1.65B Superior Group Acquisition

Jul 20, 2026, 4:34 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The deal increases scale, enhances backlog, and expands exposure to high-growth data-center and critical-infrastructure markets. Financing via cash and leveraged facilities introduces near‑term leverage considerations and earnout uncertainty, but the strategic fit and growth potential support a positive price trajectory.

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What happened, with direct paths to the underlying reporting

MasTec announced the close of its $1.65 billion acquisition of The Superior Group, funded with cash on hand, existing credit facilities, and delayed-draw loans, plus a potential cash earnout. The addition of ~3,000 employees enhances MasTec’s capacity for data center, power and mission-critical infrastructure, signaling a strategic move to grow backlog and scale amid rising infrastructure demand.

MasTec closes The Superior Group acquisition for about $1.65B. Funding via cash on hand and facilities.
Superior adds roughly 3,000 employees and critical-infra electrical capabilities. Expands MasTec's service footprint.
Company aims to capitalize on data center, power, and mission-critical buildouts. Emphasizes disciplined capital allocation.
Deal includes potential cash earnout based on Superior’s post-closing performance. Also subject to customary adjustments.
MasTec highlights its four-segment model and scale to meet growing infrastructure demand.

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