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Cardinal Infrastructure Group Inc.
Conversant Capital LLC has filed a Schedule 13G, reporting a beneficial ownership stake of more than 5% in Cardinal Infrastructure Group Inc. The filing was submitted on October 19, 2026.…more
Cardinal Infrastructure Group Inc.
Cardinal Infrastructure Group has entered into a definitive agreement to acquire Hughes Brothers Construction for $357.5 million. The transaction consideration consists of 60% cash and 40% stock, with the closing expected in the fourth quarter of 2026.…more
Cardinal Infrastructure Group Inc.
Cardinal Infrastructure Group completed the acquisition of Allied Paving Contractors on October 1, 2026, for approximately $115 million. The consideration consisted of approximately $88.9 million in cash and 1,006,796 shares of common stock. This acquisition expands the company's paving capabilities and market presence in the Atlanta, Georgia region.…more
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Cardinal Infrastructure Group Amends Hughes Brothers Acquisition Terms
Cardinal Infrastructure Group has adjusted the payment structure for its Hughes Brothers acquisition to increase the cash component. The transaction is expected to be immediately accretive to adjusted EBITDA and is slated to close in the fourth quarter of 2026.…more
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Cardinal Infrastructure is acquiring Florida-based Hughes Brothers Construction for $357.5 million to expand its market presence. The deal is expected to be immediately accretive to earnings and provides significant revenue visibility through a substantial project backlog.…more
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Cardinal Infrastructure Group has amended its credit agreement to increase total commitments to $550 million to fund future acquisitions. This move is intended to strengthen the company's financial capacity for strategic business expansion.…more
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