Cardinal completes $40M acquisition of Red Clay Industries; pro forma results disclosed

Cardinal Infrastructure Group Inc.

Acquired Red Clay for ~$40M ($39M cash + $1M assumed liabilities).
Red Clay 2024 revenue $44.9M, net income $3.1M; 9M 2025 revenue $37.1M, net income $1.6M.
Pro forma 2024: Net Income $17.8M, EBITDA $51.7M, Adj EBITDA $62.0M.
Pro forma 9M 2025: Net Income $24.3M, EBITDA $58.1M, Adj EBITDA $60.4M.
Red Clay employees received equity grants in Cardinal subsidiary valued at $5.8M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.