secwatch.observer — SEC 8-K summary
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Issuer:     Cardinal Infrastructure Group Inc. (CDNL)
CIK:        0002079999
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001213900-26-018087
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 2.01, 2.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/0001213900-26-018087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/ea0277248-8k_cardinal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-018087

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