Cardinal Infrastructure to Buy Allied Paving Contractors
The infrastructure contractor said the paving crews will let it sequence paving behind grading and site development in Northern Georgia.
Cardinal Infrastructure Group, Inc. (CDNL) agreed to acquire Allied Paving Contractors, expanding its self-performing capabilities in the Atlanta market.
The company did not disclose a purchase price, payment mix, or expected close date.
Chief Operating Officer Benji Wood said the deal adds experienced paving crews to Cardinal’s Northern Georgia operations. “We’re excited to add Allied’s experienced paving crews to our solutions in Northern Georgia,” Wood said. “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.”
That sequencing is the operational point of the transaction. Cardinal already performs grading and site development in the region; adding paving crews lets it keep more of the same project in-house rather than subcontracting the paving package. Wood framed the result as shorter timelines and a broader self-perform footprint in Atlanta.
The move follows Cardinal’s February 2026 purchase of Sugar Hill, Georgia-based A.L. Grading Contractors, its first Southeast expansion outside the Carolinas. That deal totaled $245.5 million, including an $80 million extension of Cardinal’s credit facility, $116.9 million in issued equity subject to a six-month lockup, and $48.6 million in cash. ALGC posted unaudited annual revenue of $160 million and a 26.3% Adjusted EBITDA margin for the trailing 12 months ended September 30, 2025; the transaction was immediately accretive and lifted 2026 Adjusted EBITDA margin guidance. Pro forma net tangible leverage was 1.27 times, below a 2.5 times maximum target.
Allied’s crews sit on top of that Georgia grading platform. Wood’s comment that paving can now run directly behind grading and site development teams reflects the same vertical-integration logic Cardinal used to justify ALGC: faster project execution, schedule leadership, and more work kept inside the company’s own crews.
The company did not say whether Allied will operate as a branded division, whether the Atlanta crews will be folded into an existing Georgia platform, or how the paving work will be sequenced on specific projects. It also did not provide Allied’s revenue, margin, or headcount.
Wood’s stated aim is to shorten timelines on Northern Georgia jobs by pairing Allied’s paving with Cardinal’s existing grading and site development. The acquisition expands self-perform capabilities in Atlanta.