The Superior Group to be Acquired by MasTec for $1.65 Billion

Paul, Weiss is advising The Superior Group, a premier full-service electrical contractor focused on critical infrastructure, on its $1.65 billion cash-and-stock acquisition by North American infrastructure engineering and construction company MasTec, Inc. Family-led Ohio-based Superior is one of the United States’ leading data center infrastructure contractors, while also serving other markets including healthcare, entertainment and industrial. The agreement also provides for a potential earnout payment based on Superior’s cumulative 36-month financial performance post-closing. The transaction is expected to close later this month, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Dotun Obadina and James Langston, and associate Gili Farhadian-Sagiv, and includes partners Mark Adler and Christopher Van Buren and counsel Camila Bourguignon; executive compensation partner Matthew Friestedt and counsel Annie Anderson and Brian DeShannon; tax partner Brian Krause; intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; real estate partner Peter Fisch; antitrust partners Scott Sher and Chad de Souza; environmental partner Stefanie Gitler; and litigation counsel Audrey Paquet.