Cardinal Infrastructure acquires A.L. Grading: acquired entity revenue $164.5M, net income $33.5M in 2025

Cardinal Infrastructure Group Inc.

A.L. Grading Contractors revenue $164.5M in 2025, up 8% from $152.1M in 2024.
Net income $33.5M in 2025, up 30% from $25.9M in 2024; gross profit $43.4M (26.4%).
Total assets $73.2M at Dec 31, 2025; stockholders' equity $46.6M.
Acquisition of 100% equity closed Feb 18, 2026; unaudited pro forma financials filed.
Operating cash flow $41.6M in 2025; heavy machinery net book value $35.3M.

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