• MasTec announced a definitive agreement to acquire The Superior Group, a critical infrastructure electrical contractor, for approximately $1.65 billion.
  • The acquisition is expected to expand MasTec's infrastructure capacity platform for data centers and mission-critical facilities and be immediately accretive to revenue, Adjusted EBITDA, and EPS.
  • MasTec anticipates funding the cash portion of the transaction with existing cash, credit facilities, and delayed draw term loans.