Mergers & Acquisitions ·
Cardinal completes $115M acquisition of Allied Paving Contractors, which generated ~$100M in revenue
CDNLCardinal Infrastructure Group Inc.
Cardinal Infrastructure Group Inc. completed the acquisition of Allied Paving Contractors, Inc. for approximately $115 million on October 1, 2026. The consideration consisted of roughly $88.9 million in cash and 1,006,796 shares of Class A Common Stock. Allied generated approximately $100 million in standalone revenue. John McLean, CEO of Allied, will join Cardinal to manage paving operations across Georgia. This transaction expands Cardinal's self-performing capabilities in the Atlanta market. Cardinal Infrastructure Group Inc. provides comprehensive infrastructure services including wet utility installations, site clearing, grading, and paving for residential, commercial, industrial, and municipal projects.