Cardinal Infrastructure Group Expands with Red Clay Acquisition

Cardinal Infrastructure Group, Inc. ( (CDNL) ) has issued an update.

Cardinal Infrastructure Group Inc., through its subsidiary Aviator Paving Company Charlotte, LLC, acquired substantially all assets of Red Clay Industries, Inc. on October 1, 2025, for approximately $40 million. This acquisition, which involved a cash payment and assumption of liabilities, is expected to enhance Cardinal’s market presence in North Carolina’s asphalt paving and concrete contracting sectors. Red Clay, which reported revenues of $44.9 million in 2024, will see some of its employees receiving equity unit interests in Cardinal. The acquisition is part of Cardinal’s strategic efforts to bolster its financial performance, as reflected in its pro forma financial results showing significant growth in net income and EBITDA for the nine months ending September 30, 2025.

More about Cardinal Infrastructure Group, Inc.

Average Trading Volume: 1,865,515

For an in-depth examination of CDNL stock, go to TipRanks’ Overview page.