VRA Advises A.L. Grading Contractors on its Sale to Cardinal Infrastructure Group
VRA is pleased to
announce that it served as exclusive financial advisor to A.L. Grading Contractors, LLC
("ALGC" or the "Company"), a leading provider of turnkey site
development services across Georgia and South Carolina markets, in its sale to Cardinal Infrastructure
Group, Inc. (NASDAQ: CDNL) ("Cardinal"), a comprehensive infrastructure
services platform headquartered in Raleigh, North Carolina.
Headquartered in Sugar Hill,
Georgia, ALGC specializes in full-scope site development, including grading,
underground utility installation, erosion control and land clearing for
large-scale commercial, industrial and residential projects. For more than 30 years,
the Company has built a reputation for disciplined execution and dependable
delivery, creating long-term, recurring customer relationships. The transaction
marks Cardinal's first expansion beyond the Carolinas and advances its strategy
to build a leading, multi-regional infrastructure platform. ALGC's President, Anthony
(Lee) Wood, will continue his strategic leadership responsibilities and is
expected to join Cardinal's board of directors. ALGC's Vice President, Benjamin
(Benji) Wood, will assume the role of Chief Operating Officer for Cardinal.
"VRA's depth of experience
in our industry and their track record guiding multi-generational, family-owned
businesses through a transaction process gave us tremendous confidence from the
outset," said Lee Wood, President of ALGC. "Their team took the time
to understand our goals and helped us evaluate the right strategic path for our
company. We are grateful for their partnership and commitment to achieving an
outcome that positions ALGC for long-term success."
"From our first conversations with Lee and Benji, it was clear they had built something special," said Tyler McCrary, Managing Director at VRA Partners. "ALGC's culture, operational rigor and commitment to its customers set it apart in its competitive market. Coupled with Cardinal's alignment around long-term growth and cultural continuity, this partnership marks an ideal next chapter for the business. We're grateful for the trust placed in us and excited to see ALGC continue to thrive."
A.L. Grading Contractors
A.L. Grading Contractors, LLC is an established site development contractor serving commercial, industrial and residential end markets throughout Georgia and South Carolina. The Company provides integrated site work services — including grading, underground utilities, erosion control and land clearing — and is a trusted partner to owners, developers and general contractors across diverse project types. Learn more at www.algrading.com.
Cardinal Infrastructure Group
Cardinal Infrastructure Group (NASDAQ: CDNL) delivers a suite of comprehensive infrastructure services that support the planning, preparation, installation and development of residential, commercial, industrial, municipal and state infrastructure projects through wholly owned, market-leading subsidiaries. Cardinal's operations leverage in-house, highly skilled teams and equipment fleets to deliver wet utility installations (water, sewer and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving and other related site services. Learn more at www.cardinalinfrastructuregroup.com.