Cardinal Infrastructure Group Inc. to acquire Allied Paving Contractors, Inc.

Cardinal Infrastructure Group Inc. has agreed to acquire Allied Paving Contractors, Inc. in a strategic acquisition valued at 115 million US dollars. The transaction, which was announced and completed on 1 October 2026, involves consideration comprising both cash and shares. Both the buyer and the target are based in the United States, operating within the Construction and Materials sector. This deal represents a significant consolidation move within the industry, with the headline offer reflecting the combined value of the equity and cash components provided to the selling shareholders.

The acquisition is now complete, as indicated by the final status of the transaction. Cardinal Infrastructure Group Inc. has successfully integrated Allied Paving Contractors, Inc. into its portfolio, marking the conclusion of the deal process. No further regulatory approvals or pending conditions are noted in the available data, confirming that the transfer of ownership has been fully executed. The combined entity will continue operations under the new ownership structure, with the specific operational details remaining outside the scope of this summary.