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News 2026-07-08 11:14 UTC

MasTec to Buy Electrical Contractor Superior Group in $1.65 Billion Deal

() -- MasTec (MTZ) shares were up early Wednesday after the company agreed to acquire electrical contractor Electrical Specialists, doing business as Superior Group, in a roughly $1.65 billion deal. The deal consideration comprises about $1.18 billion in cash and $475 million of MasTec's common shares, the infrastructu