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The latest update is out from Cardinal Infrastructure Group, Inc. ( (CDNL) ).
On February 18, 2026, Cardinal Infrastructure Group completed the $245.5 million acquisition of Sugar Hill, Georgia-based A.L. Grading Contractors, a leading site development contractor serving large commercial, industrial and residential projects in Georgia and South Carolina. The deal, funded with a mix of cash and expanded credit facility borrowings plus locked-up equity, marks Cardinal’s first move beyond the Carolinas into Georgia, following expiration of the Hart-Scott-Rodino waiting period on February 17, 2026.
Cardinal said the transaction is immediately accretive, underpinned by ALGC’s unaudited trailing 12-month revenue of $160 million and 26.3% adjusted EBITDA margin as of September 30, 2025, and it raised its 2026 consolidated margin outlook to at least 20% on revenue of $664.9 million to $678.3 million. As part of the integration, ALGC president Anthony (Lee) Wood is to join Cardinal’s board while continuing to lead ALGC, vice president Benjamin (Benji) Wood will become Cardinal’s chief operating officer under three-year employment agreements with severance and change-of-control protections, and ALGC will lease two facilities owned by Wood-affiliated entities on long-term, escalating terms, arrangements that tighten alignment but introduce disclosed related-party obligations alongside record 2025 backlog and rapid top-line growth for Cardinal.
The most recent analyst rating on (CDNL) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Cardinal Infrastructure Group, Inc. stock, see the CDNL Stock Forecast page.
More about Cardinal Infrastructure Group, Inc.
Cardinal Infrastructure Group, Inc. is a NASDAQ-listed infrastructure services company that, through wholly owned subsidiaries, provides comprehensive site development solutions for residential, commercial, industrial, municipal and state projects. Its in‑house teams and equipment fleets deliver wet utility installations such as water, sewer and stormwater systems, along with grading, site clearing, erosion control, drilling and blasting, paving and related site services across the Southeast U.S.
The company focuses on vertically integrated, self-performed infrastructure work, positioning itself as a platform contractor in high-growth Sunbelt markets where demand for large-scale development and civil construction supports sustained backlog and margin expansion.
Average Trading Volume: 328,165
Current Market Cap: $328.2M
Find detailed analytics on CDNL stock on TipRanks’ Stock Analysis page.