arts
MasTec acquiring electrical contractor for $1.7B
By The Real Deal
· July 8, 2026
· 1 min read
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
Key takeaway 2 billion in cash and $475 million in stock for Electrical Specialists, which does business as The Superior Group, the South Florida Business Journal reported.
Why this matters in The Miami
The acquisition of The Superior Group by MasTec, a Coral Gables-based company, will likely bolster the local economy, particularly in the construction and infrastructure sectors. As a major hub for Latin American and Caribbean communities, Miami 's growth and development rely heavily on companies like MasTec that provide essential services. The expansion of MasTec's electrical services will potentially create new job opportunities and stimulate economic activity in the region. Furthermore, with Miami's vulnerability to Atlantic hurricanes and sea-level rise, the acquisition may also enhance the city's resilience and ability to respond to natural disasters. The deal's impact will be felt in neighborhoods like Brickell and Wynwood, where construction and development are ongoing, and may also have implications for the city's efforts to mitigate the effects of flooding and other environmental challenges.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 8, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? 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
When was this published? This article was first published on July 8, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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