MasTec adds Superior Group
The acquisition brings a $1.6 billion-revenue electrical contractor specializing in data center and mission-critical infrastructure, along with a scaled self-perform workforce of roughly 3,000 employees.
Takeaways
- Superior Group is a electrical contractor for data center and mission-critical infrastructure.
- MasTec is acquiring Superior Group.
- The target serves data centers, mission-critical facilities, healthcare, entertainment, industrial across United States.
MasTec will acquire Columbus, Ohio-based electrical contractor The Superior Group in a deal valued at approximately $1.65 billion.
The Stewart family-owned company, founded in 1925, works on data center and mission-critical projects for hyperscalers, developers, and customers in healthcare, entertainment and industrial end markets.
Superior projects 2026 revenue of $1.6 billion to $1.7 billion, adjusted EBITDA of $225 million to $250 million, and employs about 3,000 people.
The addition deepens MasTec's relationships with large data center customers and brings inside-the-fence electrical systems capability that complements its existing power generation and grid work.
The purchase price consists of $475 million in MasTec common stock and $1.175 billion in cash, with an earnout tied to 36-month post-closing performance; MasTec will fund the cash portion through cash on hand and credit facilities.
Superior's management team, including CEO Bryan Stewart, will remain, and the business will operate as a separate group within MasTec's Power Delivery segment.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.