Cardinal Infrastructure Group Inc. (CDNL) company profile
Close on Nov 13, 2026Market cap $306.68MP/E –Yield –
About Cardinal Infrastructure
Heavy Construction Other Than Bldg Const - Contractors, SIC 1600
Cardinal Infrastructure Group Inc. provides civil infrastructure construction and contracting services across the United States. The company specializes in site development, underground utility installation, horizontal boring, drilling, blasting, and commercial paving. Through its operating subsidiaries, Cardinal offers civil contracting capabilities supported by specialized equipment and machinery. Its service offerings are delivered through fixed-price, time-and-materials, and short-term service contracts. Cardinal provides these civil contracting solutions to both private sector commercial clients and public sector entities.
The company is headquartered in Raleigh, North Carolina. Cardinal conducts civil construction operations primarily in regional markets, with specialized business units and operating entities located in Charlotte and the Triad area of North Carolina. Its operational infrastructure includes corporate and field offices, vehicles, trailers, and heavy machinery to execute project agreements in its regional market footprint.
Summary of the business section of Cardinal Infrastructure's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Cardinal Infrastructure Group Inc.
- Headquarters
- Raleigh, NC
- Address
- 100 E. Six Forks Road, #300 27609
- Phone
- (919) 324-1964
- Employees
- 1,480, Dec 31, 2025
- Industry
- Heavy Construction Other Than Bldg Const - Contractors
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Tulsa, Oklahoma
Stock & identifiers
- Ticker
- CDNL
- Exchange
- Nasdaq
- IPO date
- Dec 10, 2025
- Shares outstanding
- 47M, Aug 11, 2026
- Filer category
- Non-accelerated filer<br>Emerging growth company
- SEC CIK
- 2079999
- CUSIP
- 14154A102
- ISIN
- US14154A1025
- FIGI
- BBG01YV6DT44
- Share class FIGI
- BBG01YV6DVT2
- EIN
- 39-3180206
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jeremy Simmons Spivey | Chief Executive Officer, Director | 12,242,214 |
| Benjamin Wood | Chief Operating Officer | 2,138,731 |
| Michael Bruce Rowe Jr. | Chief Financial Officer | 2,045,003 |
| Tiffany Leann Gidley | General Counsel and Secretary | 6,000 |
| Erik Daniel West | See Remarks | 6,114,009 |
| Richard Bennett Wimmer | Director | 29,349 |
| Anthony Leon Wood Jr. | Director | 2,127,050 |
| Richard Melvin Lee Jr. | Director | 68,254 |
| Ivy Zelman | Director | 32,891 |
| Austin J. Shanfelter | Director | 11,529 |
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Total | vs. prior year |
|---|---|---|---|
| Jeremy Spivey Chairman and Chief Executive Officer | $450.00K | $450.00K | +246% |
| Erik West Chief Operating Officer, Cardinal Civil Contracting | $400.00K | $400.00K | +208% |
| Mike Rowe Chief Financial Officer | $360.00K | $360.00K | +200% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Dec 10, 2025
- Offer price
- $21.00
- Securities offered
- 11,500,000
- Gross proceeds
- $241.50M
- Exchange
- Nasdaq
- Lock-up ends (est.)
- Jun 8, 2026
“The initial public offering price is $21.00 per share of Class A Common Stock.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 19, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 15, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 10, 2025 | IPO | Initial public offering priced (424B4 prospectus) |
| Dec 10, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Aug 11, 2025 | Name change | Name changed from Civil Infrastructure Group Inc. to Cardinal Infrastructure Group Inc. |
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