MasTec has agreed to acquire Electrical Specialists, Inc., doing business as The Superior Group, a full-service electrical contractor focused on critical infrastructure, for approximately $1.65 billion. The purchase price consists of roughly $475 million in MasTec common stock and about $1.175 billion in cash, with a potential earnout based on Superior's cumulative 36-month post-closing financial performance. MasTec expects the acquisition to be immediately accretive to revenue, adjusted EBITDA, adjusted EPS, and cash flow from operations. For the remainder of 2026, Superior is projected to contribute revenue of $800 million to $900 million, adjusted EBITDA of $100 million to $115 million, and adjusted EPS of $0.50 to $0.65. For full-year 2027, Superior is expected to generate revenue of $2.2 billion to $2.5 billion and adjusted EBITDA of $250 million to $275 million, with results reflected in MasTec's Power Delivery segment.
MasTec IncMasTec acquires Superior Group for $1.65B, expected to be immediately accretive to revenue, EBITDA, EPS, and cash flow.
Superior Group is acquired by MasTec for $1.65B, with earnout potential based on post-closing performance.