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MasTec’s $1.65 Billion Data Center Takeover Could Change Everything!

MasTec has moved deeper into the center of the AI infrastructure cycle with its agreement to acquire electrical contractor Superior Group in a cash-and-stock transaction valued at roughly $1.65 billion. The deal includes about $1.175 billion in cash and $475 million in MasTec common shares, and it follows a record first quarter in which MasTec reported $3.829 billion of revenue, $284 million of adjusted EBITDA, $1.39 of adjusted EPS, and a record $20.3 billion backlog. The timing is notable because management has already been highlighting data centers, grid reliability, power generation, telecom fiber, and mission-critical infrastructure as major long-term demand drivers. Superior adds a different but adjacent capability set: electrical systems, integrated building systems, and ongoing facility services inside data center and mission-critical sites. For MasTec, this could extend its role from enabling infrastructure around facilities to executing critical work within them.