Why it matters
The strategic read
Adds a hard electrical-infrastructure consolidation receipt to the AI buildout. The bottleneck is not only land and GPUs; it is also self-perform electrical labor, substations, inside-the-fence systems, connectivity, integrated building systems and maintenance capacity. MasTec is buying one of the largest scaled data-center electrical workforces in the U.S. so it can serve hyperscalers, data-center developers, general contractors and technology customers across the mission-critical stack.
Source-supported terms
What was disclosed
- 01
MasTec announced on July 7, 2026 that it entered into a definitive agreement to acquire Electrical Specialists, Inc., doing business as The Superior Group.
- 02
MasTec held a July 8, 2026 conference call to discuss the acquisition.
- 03
Superior is headquartered in Columbus, Ohio and has approximately 3,000 employees.
- 04
MasTec described Superior as a premier full-service electrical contractor focused on critical infrastructure and as a recognized leader in building data-center infrastructure.
- 05
Superior provides design, preconstruction, construction, project management, engineering, integrated systems, prefabrication, modular manufacturing and maintenance / repair / retrofit services.
- 06
MasTec said the acquisition advances its strategy of building a scaled infrastructure capacity platform for data-center, power and mission-critical infrastructure demand.
- 07
MasTec said Superior brings direct strategic relationships with leading hyperscalers, data-center developers, general contractors, technology customers and mission-critical project partners.
- 08
Superior is projected to generate full-year 2026 revenue of approximately $1.6B-$1.7B and adjusted EBITDA of approximately $225M-$250M.
- 09
For the remainder of 2026, MasTec expects Superior to contribute $800M-$900M of revenue and $100M-$115M of adjusted EBITDA.
- 10
For full-year 2027, MasTec expects Superior to generate $2.2B-$2.5B of revenue and $250M-$275M of adjusted EBITDA.
- 11
The purchase price is approximately $1.65B, consisting of approximately $475M of MasTec common stock and approximately $1.175B of cash, subject to customary adjustments.
- 12
MasTec said the cash portion is expected to be funded with cash on hand, existing credit-facility drawings and two delayed-draw term loan facilities entered into with the definitive acquisition agreement.
- 13
The transaction is subject to customary conditions including antitrust approval, with anticipated closing in mid to late July 2026.
Disclosure boundary
What is known—and what is not
Primary MasTec investor release distributed by Business Wire. Public materials disclose the definitive acquisition agreement, purchase price, cash / stock mix, expected financing sources, target close window, Superior workforce scale, projected revenue and adjusted EBITDA, customer-category exposure, inside-the-fence electrical scope, data-center / mission-critical rationale and expected segment reporting. Public materials do not disclose the full merger agreement, customer names, hyperscaler contract backlog, project list, revenue concentration, antitrust risk detail, earnout formula, delayed-draw term loan pricing, working-capital adjustment mechanics, integration plan, retention packages, customer consents, project-level margins, liabilities, indemnities or whether the transaction will close on the expected timeline.