Cardinal Infrastructure Group acquisition valued at $357.50 million
CDNL•Cardinal Infrastructure Group announced its acquisition of Hughes Brothers Construction, valued at $357.50 million, with total potential deal value of up to $455 million including a $97.50 million earnout.
1. Deal value and terms
Cardinal Infrastructure Group announced the acquisition of Hughes Brothers Construction, Inc., valued at $357.50 million. Total potential deal value is up to $455 million, including a $97.50 million earnout.
2. Financial details
The acquisition is immediately accretive to 2026 adjusted EBITDA margin, and Hughes Brothers had trailing 12-month revenue of more than $220 million as of June 30, 2026.
