Cardinal Infrastructure to buy Florida contractor Hughes Brothers for $357.5M

Cardinal Infrastructure Group agreed to acquire Hughes Brothers Construction, a Central Florida heavy civil and site development contractor, for $357.5 million. Cardinal says the deal is immediately accretive, adds a substantial backlog and keeps local leadership; closing is expected in the fourth quarter of 2026.

Why it matters: It's Cardinal's entry into fast-growing Central Florida as it builds a Southeast site development platform.