Holland & Knight Advises MasTec on $1.65 Billion Acquisition of The Superior Group
MIAMI (July 8, 2026) – Holland & Knight advised MasTec Inc. (NYSE: MTZ) in its agreement to acquire Electrical Specialists Inc., d/b/a The Superior Group, a premier full-service electrical contractor focused on critical infrastructure, for approximately $1.65 billion. The purchase price consists of approximately $475 million payable in shares of MasTec common stock and approximately $1.175 billion payable in cash, subject to customary purchase price adjustments. The transaction was announced on July 7, with closing subject to customary conditions, including antitrust regulatory approval.
The acquisition will advance MasTec's strategy of building a scaled infrastructure capacity platform positioned to serve accelerating demand for data center, power and other mission-critical infrastructure. The combination will expand MasTec's infrastructure capabilities across a broader range of mission-critical requirements, extending its expertise from power generation and grid interconnection through electrical systems, connectivity and long-term maintenance services.
Headquartered in Coral Gables, Florida, MasTec is a leading North American infrastructure engineering and construction company focused primarily on engineering, building, installation, maintenance and upgrade of communications, energy and utility, and other infrastructure.
Holland & Knight's representation of MasTec was led by Partners Ibrahim Barakat and Kyle Hershey (M&A), along with Partner Ira Rosner (M&A and Capital Markets). Other key deal team members included Partner Marc Druckman and Associates Fay Shaulson and Gabrielle Engel (M&A); Partner Allison O'Garrow (Capital Markets); Partner John Dierking and Senior Counsel Ryan Kocse (Antitrust); and Partners Christopher Marotta and Jiyeon Barta (Tax).
More information on the transaction can be found here.
Recently recognized as the Private Equity Law Firm of the Year by the Global M&A Network and M&A Law Firm of the Year by M&A Advisor, Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG, Mergermarket, PitchBook and The Deal. Through the HK Deal Flow℠ program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.