Columbus contractor Superior Group is getting a new corporate parent, but it is not packing up and leaving town. MasTec is set to acquire the Columbus-based electrical builder in a deal valued at about $1.65 billion, the companies announced this week. Superior, a self-perform electrical contractor that has become a go-to name in data center infrastructure, will slot into MasTec’s Power Delivery platform, while keeping its existing local leadership team and workforce in place. The companies expect the transaction to close in mid-to-late July, pending regulatory approvals.
In a July 7 press release, MasTec pegged the purchase price at roughly $1.65 billion, split between about $475 million in MasTec common stock and $1.175 billion in cash, with an additional 36-month earnout tied to Superior’s performance after closing, according to MasTec. The company said it plans to cover the cash portion using cash on hand along with borrowings under its credit facilities. MasTec described the transaction as immediately accretive to revenue, adjusted EBITDA and cash flow. For the rest of 2026, MasTec expects Superior to generate between $800 million and $900 million in revenue and between $100 million and $115 million in adjusted EBITDA, and it projects full-year 2027 revenue of $2.2 billion to $2.5 billion and adjusted EBITDA of $250 million to $275 million.
Deal structure and timeline
MasTec’s Form 8-K filed with the SEC spells out the share issuance and confirms that Superior will become a wholly owned MasTec subsidiary once the deal closes. The filing also reiterates that the parties anticipate a mid-to-late July closing, subject to standard conditions that include antitrust review, according to the SEC. The 8-K notes that the exact number of MasTec shares to be issued as consideration will be adjusted at closing using typical purchase price adjustment mechanics.
What it means for Columbus
For central Ohio, the headline is that Superior is staying put. Columbus Business First reported that Superior’s brand, leadership team and headquarters will remain in Columbus after the acquisition closes, and the company echoed that message on LinkedIn. Industry coverage estimates Superior’s workforce at around 3,000 employees, reflecting a rapid hiring surge tied to data center projects, per Investing.com.
Why MasTec is doubling down on data centers
Analysts say this is not just a big-ticket purchase, it is a strategic plug-in. Coverage notes that the deal fills a gap in MasTec’s inside-the-fence electrical contracting capabilities and gives the company direct relationships with hyperscalers and data center developers as AI-driven demand heats up, according to MarketScreener. Columbus has emerged as one of the country’s fastest-growing data center corridors, with a hefty project pipeline and major hyperscaler commitments in New Albany and across central Ohio. A recent analysis by the Ohio Chamber Foundation highlights the region’s sizable capacity and investment pipeline. For MasTec, Superior effectively bolts a turnkey electrical builder onto an existing national platform that already delivers power, transmission and communications infrastructure.
Regulatory review and next steps
MasTec and Superior say the acquisition is subject to customary closing conditions that include antitrust approval, and the companies held an investor call to walk through the transaction, MasTec said. Bryan Stewart, Superior’s chairman and CEO, said in the release that he is "thrilled that Superior will soon join the MasTec family," and MasTec plans to report the business within its Power Delivery segment, which it expects to be immediately accretive to earnings and cash flow. If all approvals and other conditions are satisfied, closing is anticipated in mid-to-late July.
For Columbus contractors and crews, the near-term impact will hinge on how MasTec integrates Superior’s prefabrication and field operations. Over the longer haul, the deal underscores how outside capital is snapping up specialists that build the country’s AI infrastructure. Local officials and suppliers will be watching closely to see whether the acquisition translates into more project volume flowing into central Ohio or channels a greater share of work through MasTec’s national platforms.
