🟢 MasTec (MTZ) up 1.37% following recent $1.65B acquisition of The Superior Group

MasTec (MTZ) is trading 1.37% higher today, following recent developments including its significant acquisition news.

• On July 7, 2026, MasTec announced a definitive agreement to acquire The Superior Group for approximately $1.65 billion, expanding its capabilities in data center and mission-critical infrastructure.
• This acquisition is anticipated to be immediately accretive to MasTec's revenue, adjusted EBITDA, earnings per share, and cash flow from operations.
• The Superior Group is projected to contribute $800 million to $900 million in revenue for the remainder of 2026.