MasTec to acquire data center contractor Superior Group for ~$475M, adds $700M term loan

Filed July 7, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  MasTec agreed to acquire Electrical Specialists (d/b/a Superior Group), a data center electrical contractor, for consideration including ~1.2M shares (~$475M, ~1.5% dilution). Transaction expected to close Q3 2026 pending antitrust clearance.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →
• high

  MasTec secured $700M delayed draw term loan ($400M 3-year, $300M 4-year) at Term SOFR plus 1.000%-1.625% to finance the acquisition. Facility requires maintaining 3.50:1.00 max leverage ratio (4.00:1.00 temporarily for large acquisitions).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  MasTec expanded its revolving credit facility by $350M to $2.25B total capacity. All other terms of the existing credit facility remain unchanged.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →