secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2026-07-07T20:37:09+00:00
Accession:  0001193125-26-297552
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec to acquire Superior Group for ~$475M in stock; enters $700M term loan
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- Acquisition of Electrical Specialists (Superior Group) for ~$475M in stock (1.195M shares, ~1.5% of outstanding).
- $700M delayed draw term loan ($400M 3-yr, $300M 4-yr) to finance acquisition; revolver increased by $350M to $2.25B.
- Acquisition expected to close in Q3 2026, subject to antitrust review and customary conditions.
- Appointed Manuel Benito Miranda as Class II director, effective June 30, 2026, filling a board vacancy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312526297552/0001193125-26-297552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312526297552/d77261d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-297552

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer