Core Insights - Cardinal Infrastructure Group, Inc. has acquired A.L. Grading Contractors, expanding its operations into Georgia, which aligns with its growth strategy in the Southeast [1] - The acquisition is expected to be immediately accretive, enhancing Cardinal's financial profile and margin guidance for 2026 [1] Strategic Highlights - A.L. Grading Contractors is a market leader in site development solutions, with an annual revenue of $160 million and an Adjusted EBITDA margin of 26.3% [1] - The acquisition allows Cardinal to leverage ALGC's strong customer relationships and operational capabilities to drive growth [1] - Cardinal's total consideration for the acquisition is $245.5 million, financed through a combination of credit facility extension, equity issuance, and cash [1] Preliminary Estimated Operating Results for 2025 - Cardinal anticipates a record backlog of $678.3 million to $685.7 million, reflecting approximately 33% growth compared to 2024 [1] - Projected full-year revenue for 2025 is estimated to be between $452.3 million and $459.7 million, indicating a growth of about 45% from 2024 [1] 2026 Consolidated Guidance - Cardinal expects an Adjusted EBITDA margin of at least 20% for the year ending December 31, 2026 [1] - Revenue guidance for 2026 is projected to be between $664.9 million and $678.3 million [1] Management Commentary - The CEO of Cardinal expressed enthusiasm about the acquisition, highlighting the cultural alignment and leadership of ALGC as key factors for future collaboration and innovation [1]