Cardinal acquires Allied Paving for $115 million
The deal expands self-performing capabilities in Atlanta. CFO Mike Rowe signed the filing dated October 1, 2026.
Latest Cardinal Infrastructure Group News & Updates
See the latest news and media coverage for Cardinal. We track all announcements, press releases, and industry mentions in real time, all in one place.
Full-service civil infrastructure and site development provider
cardinalinfrastructuregroup.com- Headquarters
- Raleigh, United States
- Company type
- Public company
- Number of employees
- 1,000–5,000
- Industry
- Construction & Engineering
Last updated
Latest news about Cardinal Infrastructure Group (Cardinal)
In short: Cardinal Infrastructure delivered record Q2 2026 results, doubling revenue, acquiring Allied Paving, and raising full-year 2026 guidance.
Company announcements
Cardinal secures $250 million delayed draw term loan
The company raises its revolving credit facility to $100 million. The expanded $550 million credit facility supports strategic acquisitions and financial flexibility through September 2031.
Cardinal raises full-year revenue guidance on record earnings and backlog
Q2 revenue surged 114% to $226.9M, driven by the Allied Paving acquisition and organic growth.
Cardinal Infrastructure Group closes upsized public offering for $336 million
The company sold 4.6 million shares at $73 each. Stifel, William Blair, and Truist managed the deal.
Media coverage
Cardinal Infrastructure Expands Debt Capacity With $250 Million Delayed Draw Loan
Cardinal Infrastructure's unit Cardinal Civil Contracting amended its senior secured credit agreement, adding a $250 million delayed draw term loan and increasing its revolver to...
Cardinal Infrastructure's Earnings Call Balances Growth And Margins
Detailed price information for Cardinal Infrastructure Group Inc Cl A (CDNL-Q) from The Globe and Mail including charting and trades.
Investor Reminder: Cardinal Infrastructure (NASDAQ:CDNL) Investors are Encourage...
BFA Law is investigating whether Cardinal Infrastructure Group, Inc. committed securities fraud relating to statements about the performance of the A.L. Grading Contractors acquisition.
HAGENS BERMAN, NATIONAL SECURITIES LAW FIRM, Announces Investigation into Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) Following Post-Offering Stock Plunge
/PRNewswire/ -- Hagens Berman, a national shareholder rights litigation firm, announces it has commenced an investigation into Cardinal Infrastructure Group...
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