MasTec to Acquire Superior Group, Boosting Data Center Infrastructure Capabilities
MTZ has more than doubled off its 52-week low of $160.08.
Summary
MasTec announced an agreement to acquire The Superior Group, an electrical contractor, in a deal valued at $1.65 billion. This strategic acquisition is designed to enhance MasTec's infrastructure capabilities and strengthen its presence in the high-growth data center and mission-critical end markets. To support this expansion, the company secured a $700 million delayed-draw term loan and increased its revolving credit facility to $2.25 billion. This move follows MasTec's strong first-quarter 2026 financial results, which reported significant revenue and adjusted EPS growth, positioning the company for further growth in key infrastructure sectors.
At the time of this announcement, MTZ was trading at $358.85 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $28.4B. The 52-week trading range was $160.08 to $441.43. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.