S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

MasTec to Acquire The Superior Group for $1.65 Billion

With a price tag of $1.65 billion, MasTec is absorbing The Superior Group to secure a dominant foothold in the booming critical infrastructure market. The deal, which includes $475 million in company stock, scales MasTec’s capabilities to meet the surging demand for high-capacity data center and power projects across the United States.

MasTec to Acquire The Superior Group for $1.65 Billion

Columbus-based Superior brings roughly 3,000 employees and a comprehensive suite of services, ranging from engineering and modular manufacturing to preconstruction and maintenance. By integrating these operations as a new internal unit, MasTec aims to capitalize on Superior’s specialized expertise in mission-critical facilities. The existing leadership team will remain at the helm to oversee this transition.

Financial projections suggest the acquisition will be immediately accretive to both revenue and earnings per share. MasTec anticipates that Superior will generate between $1.6 billion and $1.7 billion in revenue by 2026. CEO Jose Mas noted that the move is a strategic play to accelerate the company’s participation in the massive, ongoing buildout of power and data center infrastructure that currently defines the sector.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!