---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-018087"
form_type: "8-K"
ticker: "CDNL"
cik: "0002079999"
company_name: "Cardinal Infrastructure Group Inc."
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:51:21.338547+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cardinal acquires A.L. Grading for $245.5M; prelim FY2025 rev $1.27B, adj. EBITDA $210M

## Summary
- Acquired A.L. Grading Contractors for $128.6M cash, $108.0M in equity units, and shares; expands into Georgia.
- Preliminary FY2025 revenue $1.27B, net income $50.0M, adjusted EBITDA $210.0M.
- FY2026 guidance: revenue $1.50B-$1.60B, adjusted EBITDA $270M-$290M.
- Term loan facility increased from $120M to $200M to fund cash portion of acquisition.
- Anthony Wood elected to board; Benjamin Wood appointed COO; both enter employment agreements.

## SEC filing metadata
- accession: 0001213900-26-018087
- form_type: 8-K
- ticker: CDNL
- cik: 0002079999
- company_name: Cardinal Infrastructure Group Inc.
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 2.01, 2.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/0001213900-26-018087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/ea0277248-8k_cardinal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-018087
- JSON: https://secwatch.observer/filing/0001213900-26-018087.json
- Plain text: https://secwatch.observer/filing/0001213900-26-018087.txt

## Source-grounded claims
- claim_id: b4822e866dcb9a7995c16b4b239e2e6994f443f0
  claim: Cardinal Infrastructure Group Inc. completed an acquisition involving Diamond Interests Group, LLC for $245.5 million (closed 2026-02-18).
  evidence_excerpt: Anthony Wood, the “Seller Owners”). The Seller is wholly owned by Anthony Wood and Benjamin Wood. Pursuant to the Purchase Agreement, Purchaser paid aggregate consideration of $245.5 million consisting of (i) $128.6 million in cash (as may be adjusted pursuant to the terms and conditions set forth in the Purchase Agreement); (ii) 4,186,062 limited liability
  evidence_url: https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/0001213900-26-018087-index.htm
- claim_id: 51a877b58b181029879b48478fb699aad195adbb
  claim: Cardinal Infrastructure Group Inc. entered into Purchase Agreement with Diamond Interests Group, LLC (the "Seller") valued at aggregate consideration of $245.5 million (effective 2026-02-18).
  evidence_excerpt: On February 18, 2026, Cardinal Infrastructure Group Inc. (the “Company,” “Cardinal,” “we”, “us”, or “our”) and Cardinal Civil Contracting Holdings LLC, a controlled subsidiary of the Company (“Purchaser”), completed (the “Closing”) the acquisition (the “Acquisition”) of all of the equity interests in A.L. Grading Contractors, LLC (“ALGC”) pursuant to a membership interests purchase and contribution agreement (the “Purchase Agreement”), dated February 18, 2026, with Diamond Interests Group, LLC (the “Seller”), ALGC, Anthony L. Wood, Jr. (“Anthony Wood”) and Benjamin A. Wood (“Benjamin Wood” and, together with Anthony Wood, the “Seller Owners”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/0001213900-26-018087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.