Cardinal Infrastructure Closes Allied Paving Acquisition to Expand Georgia Operations

Key Facts

1Cardinal Infrastructure Group announced the successful closing of its acquisition of Allied Paving Contractors.

Cardinal Infrastructure Group announced the successful closing of its acquisition of Allied Paving Contractors. According to a statement via PR Newswire, the acquisition is part of the company's infrastructure growth strategy, integrating Allied's paving crews into Cardinal's solutions across Northern Georgia.

CDNL closed at $30.6 on September 30, 2026, with the stock trading between a low of $26.72 and a high of $31.25 during that session. Cardinal's strategy focuses on acquiring founder-led companies, noting that Allied generated approximately $100 million in revenue on a standalone basis prior to the merger.