Cardinal Infrastructure Group Expands Footprint in North Carolina

Acquisitions and organic growth drive infrastructure services provider's expansion across key markets

Mar. 3, 2026 at 8:47am

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Cardinal Infrastructure Group (NASDAQ:CDNL), a leading provider of comprehensive infrastructure services in the Southeastern United States, has been rapidly expanding its footprint across North Carolina through a combination of strategic acquisitions and organic growth. The company, headquartered in Raleigh, has deepened its presence in the Raleigh, Charlotte, and Greensboro markets, becoming a full-service, end-to-end provider of turnkey infrastructure services.

Why it matters

Cardinal Infrastructure Group's expansion highlights the strong demand for infrastructure services in fast-growing North Carolina markets, driven by population growth, job creation, and new construction activity. As one of the largest and most technically sophisticated players in the region, Cardinal is well-positioned to capitalize on these favorable industry trends and continue its impressive growth trajectory.

The details

Cardinal Infrastructure Group has grown both organically and through a series of strategic acquisitions since its founding in 2013. The company has completed six acquisitions to date, including Harrelson Utility Repair & Contracting Inc. in 2021, G. Goodwin Enterprises, LLC in 2022, Monroe Roadways, Inc. in 2023, Purcell Construction, Inc. in 2025, Page & Associates, Inc. in 2025, and Red Clay Industries, Inc. in 2025. These acquisitions have allowed Cardinal to deepen its presence in the Raleigh, Charlotte, and Greensboro markets, while also expanding its service offerings to include grading, site clearing, erosion control, drilling and blasting, paving, and other related site services.

  • Cardinal Infrastructure Group was founded in 2013 in Raleigh, North Carolina.
  • The company acquired Harrelson Utility Repair & Contracting Inc. in 2021 and G. Goodwin Enterprises, LLC in 2022 to deepen its presence in the Raleigh market.
  • In July 2023, Cardinal expanded into the Charlotte area through the acquisition of Monroe Roadways, Inc.
  • In January 2025, Cardinal acquired Purcell Construction, Inc. to further strengthen its position in the Charlotte market.
  • In May 2025, Cardinal expanded into the Greensboro market through the acquisition of Page & Associates, Inc.

The players

Cardinal Infrastructure Group

A leading provider of comprehensive infrastructure services in the Southeastern United States, headquartered in Raleigh, North Carolina.

Jeremy Spivey

The Chief Executive Officer and founder of Cardinal Infrastructure Group, who started the company in 2013.

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What they’re saying

“We believe we are well positioned to continue growing our revenue and profitability in a very fragmented and highly attractive industry.”

— Jeremy Spivey, Chief Executive Officer

What’s next

Cardinal Infrastructure Group plans to continue its expansion strategy, both organically and through additional acquisitions, to further solidify its position as a leading provider of infrastructure services in North Carolina and the broader Southeastern region.

The takeaway

Cardinal Infrastructure Group's rapid growth, driven by strategic acquisitions and organic expansion, demonstrates the strong demand for infrastructure services in fast-growing North Carolina markets. As one of the largest and most technically sophisticated players in the region, the company is well-positioned to capitalize on these favorable industry trends and continue its impressive trajectory.