Brief: MasTec Announces Agreement To Buy The Superior Group

MasTec

07/07/2026 22:03

July 8 (Reuters) - MasTec Inc MTZ.N:
MASTEC - DEAL VALUED AT ABOUT $1.65 BILLION WITH $475 MILLION IN STOCK AND $1.18 BILLION IN CASH
MASTEC - SUPERIOR PROJECTED TO GENERATE FY2026 REVENUE OF $1.6-$1.7 BILLION AND ADJUSTED EBITDA OF $225-$250 MILLION
MASTEC - ANNOUNCES AGREEMENT TO BUY THE SUPERIOR GROUP
MASTEC - SUPERIOR EXPECTED TO CONTRIBUTE $800-$900 MILLION REVENUE, $100-$115 MILLION ADJUSTED EBITDA, $0.5-$0.65 ADJUSTED DILUTED EPS FOR REMAINDER OF 2026
MASTEC - SUPERIOR EXPECTED TO GENERATE FY2027 REVENUE OF $2.2-$2.5 BILLION AND ADJUSTED EBITDA OF $250-$275 MILLION
MASTEC - ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO REVENUE, ADJUSTED EBITDA, ADJUSTED DILUTED EPS AND CASH FLOW
Source text: ID:nBw31Gfrca
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