MasTec Acquires Superior Group for $1.65 Billion in Strategic Move Toward AI Infrastructure
MasTec (NYSE:MTZ) has agreed to acquire The Superior Group, an electrical infrastructure contractor focused on data centers and mission-critical markets, for approximately $1.65 billion. This acquisition is expected to enhance MasTec's exposure to artificial intelligence, cloud computing, and digital infrastructure by adding in-campus services that complement its existing power and communications offerings outside of data centers.
Tickers: $MTZ
Topics: AI Infrastructure Corporate Acquisition Data Centers