Cardinal Infrastructure to Buy Hughes Brothers for $357.5 Million
Cardinal Infrastructure reached a definitive agreement to acquire Florida contractor Hughes Brothers Construction for $357.5 million.
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Cardinal Infrastructure Group agrees to buy Hughes Brothers Construction for $357.5 million
Cardinal Infrastructure Group agreed to buy Hughes Brothers Construction for USD 357.5 million, expanding into Central Florida heavy civil and site development. Closing targeted for Q4 2026. * Consideration split between cash and Cardinal Class A common stock; cash portion expected to be funded with new debt and cash o