BRIEF-MasTec Announces Agreement To Buy The Superior Group

MasTec, Inc.
Superior Group of Companies, Inc.

MasTec, Inc.

MTZ

0.00

Superior Group of Companies, Inc.

SGC

0.00

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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