Movement Alert｜MasTec Inc Rises 6.08% in Regular Trading, $1.65 Billion Acquisition of Electrical Contractor Boosts Market Confidence

Market Focus07-08

On July 8, MasTec Inc rose 6.08% in regular trading, trading at $382.135/share, with turnover of $102 million. The rally was driven by the company's announcement of a $1.65 billion acquisition of electrical contractor The Superior Group.

MasTec agreed to acquire The Superior Group to expand its infrastructure platform for data centers amid the ongoing AI-driven investment wave. The transaction comprises approximately $1.175 billion in cash and about $475 million in MasTec stock, with closing expected as early as mid-July. Superior is projected to contribute $800 million to $900 million in revenue and $0.50 to $0.65 in adjusted diluted EPS for the remainder of the fiscal year. Looking further ahead, Superior is expected to generate $2.2 billion to $2.5 billion in revenue with adjusted EBITDA of $250 million to $275 million in fiscal 2027. The acquisition is expected to be immediately accretive to revenue, adjusted EBITDA, adjusted diluted EPS, and operating cash flow, reinforcing market optimism around the deal's financial impact.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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