MasTec Bets Big on AI Infrastructure With $1.65B Superior Group Deal

MasTec NYSE: MTZ said it has entered into a definitive agreement to acquire The Superior Group, an electrical infrastructure contractor focused on data centers and other mission-critical markets, in a transaction valued at approximately $1.65 billion upfront.

MarketBeat • 19 hours ago

How Much Upside is Left in MasTec (MTZ)? Wall Street Analysts Think 26.92%

The consensus price target hints at a 26.9% upside potential for MasTec (MTZ). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Zacks Investment Research • Jul 10, 2026

MasTec stock jumps as $1.65B Superior deal boosts AI data center push

MasTec Inc. (MTZ) shares climbed about 6% on Wednesday after the infrastructure engineering and construction company announced a $1.65 billion acquisition of electrical contractor The Superior Group. The deal expands its presence in the rapidly growing data center infrastructure market.

Invezz • Jul 8, 2026

MasTec, Inc. (MTZ) M&A Call Transcript

MasTec, Inc. (MTZ) M&A Call Transcript

Seeking Alpha • Jul 8, 2026

Can MasTec's $1.65B Superior Deal Strengthen Data Center Business?

MTZ's acquisition of Superior Group expands its data center electrical capabilities and is expected to boost revenues, EBITDA, and EPS from 2026 onward.

Zacks Investment Research • Jul 8, 2026

MasTec: AI Infrastructure Still Makes Valuation Worth Buying

MasTec is rated a buy, leveraging multi-segment growth from AI-driven power demand, broadband expansion, and the energy transition. Q1 2026 results highlight 34% revenue growth, 73% adjusted EBITDA growth, and a record $20.3 billion backlog, supporting strong multi-year visibility. Power Delivery is the key quality driver; if margins and execution improve, MTZ could command a premium valuation closer to Quanta Services.

Seeking Alpha • Jul 8, 2026

MasTec to acquire electrical contractor Superior Group in $1.65 billion deal

Infrastructure engineering ​and construction firm MasTec said ‌on Tuesday it would acquire electrical contractor Superior Group ​in a $1.65 billion cash-and-stock deal, as ​it seeks to expand its ⁠data center infrastructure offerings.

Reuters • Jul 7, 2026

MasTec to Acquire The Superior Group, Enhancing MasTec's Infrastructure Capabilities Across Data Center and Mission-Critical End Markets

CORAL GABLES, Fla.--(BUSINESS WIRE)--MasTec, Inc. (NYSE: MTZ) today announced that it has entered into a definitive agreement to acquire Electrical Specialists, Inc., d/b/a The Superior Group (“Superior”), a premier full-service electrical contractor focused on critical infrastructure (the “Transaction”). With a heritage dating to 1925 and headquartered in Columbus, Ohio, Superior has been led by the Stewart family since the mid-1980s, when Greg Stewart acquired an ownership interest. Under Bry.

Business Wire • Jul 7, 2026

Should First Trust Large Cap Growth AlphaDEX ETF (FTC) Be on Your Investing Radar?

Launched on May 8, 2007, the First Trust Large Cap Growth AlphaDEX ETF (FTC) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

Zacks Investment Research • Jul 7, 2026

MasTec Trades at a Premium: Should Investors Buy the Stock or Wait?

MasTec, Inc. MTZ is currently trading at a premium compared with the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 Index, with a forward 12-month price-to-earnings (P/E) ratio of 35.62. The industry's average currently is 26.35, with the sector's valuation at 21.49 and the S&P 500 Index at 21.07.

Zacks Investment Research • Jul 6, 2026