MasTec, Inc. 10-Q filed Oct 29, 2026

Modified · Recent Transactions

Superior Acquisition. InOn July 20, 2026, we completed the acquisition of Electrical Specialists, Inc., d/b/a The Superior Group (“Superior”), a premier full-service electrical contractor focused on critical infrastructure with approximately 3,000 employees, which we expect to include is included within our Power Delivery segment. Superior is a recognized leader in building data centerlarge load electrical infrastructure while serving a diverse range of end markets, including technology, healthcare, entertainment and industrial. The aggregate purchase price consisted of the acquisition$1.2 billion in cash, excluding net of cash acquired and , subject to certain adjustments, was approximately $1.6 billion, consisting of approximately $1.2 billion in cash and working capital and other contractually agreed-upon adjustments; 1,219,498 shares of MasTec common stock issued from itsour treasury shares, which had a fair value of $410.5 million as of the acquisition date. Additionally, the acquisition included an ; and a three-year earn-out arrangement under which additional consideration may be payable based on the achievement of certain financial performance targets over a three-year periodliability, with no maximum payment amount, valued at approximately $179.4 million. The cash portion of the acquisition was funded with a combination of cash on hand, borrowings under our amended Credit Facility and the 2026 Term Loan Facility. See Note 8 – Debt in the notes to the consolidated financial statements, which is incorporated by reference, for additional information regarding the amended Credit Facility and the 2026 Term Loan Facility. We have incurred, and expect to continue to incur, certain acquisition costs in connection with the Superior acquisition.