Cardinal Infrastructure Group, Inc., Announces Closing of Allied Paving Contractors Acquisition
Key Highlights
- ➤Acquisition of Allied Paving Contractors (CDNL) closed October 1, 2026
- ➤Allied generated approximately $100 million in standalone revenue
- ➤Acquisition expands Cardinal’s self-performing capabilities in Atlanta and Northern Georgia
- ➤Portion of Allied volume will appear in margins rather than consolidated revenue
Expert Statements
Benji Wood, Chief Operating Officer at Cardinal
“We’re excited to add Allied’s experienced paving crews to our solutions in Northern Georgia.”
Benji Wood, Chief Operating Officer at Cardinal
“These enhanced capabilities allow us to sequence paving work directly behind our grading and site development teams, shorten project timelines and expand our existing self-perform capabilities to this market.”
Benji Wood, Chief Operating Officer at Cardinal
“Allied is one of the best in the business and we’re thrilled to bring their customer value proposition to our clients in the Atlanta market.”
Cardinal Infrastructure Group, Inc., Announces Closing of Allied Paving Contractors Acquisition PR Newswire
RALEIGH, N.C., Oct. 1, 2026 /PRNewswire/ -- Cardinal Infrastructure Group, Inc., (NASDAQ: CDNL) ("Cardinal" or "the Company") announced today the closing of its acquisition of Allied Paving Contractors. The acquisition expands Cardinal's self-performing capabilities in the Atlanta market. Allied generated approximately $100 million in revenue on a standalone basis. A portion of that volume will be performed on Cardinal projects and therefore reflected in margin rather than consolidated revenue.
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