MasTec acquiring electrical contractor for $1.7B

MasTec acquiring electrical contractor for $1.7B
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Infrastructure giant MasTec is expanding its electrical services with the $1.7 billion acquisition of Ohio-based The Superior Group. The Coral Gables-based company will pay $1.2 billion in cash and $475 million in stock for Electrical Specialists, which does business as The Superior Group, the South