Cardinal Infrastructure Group to Acquire Hughes Brothers Construction

Cardinal Infrastructure Group acquires Allied Paving Contractors

October 1, 2026

Infrastructure

Cardinal Infrastructure Group, Inc. announced the closing of its acquisition of Allied Paving Contractors. The deal expands Cardinal’s self-performing paving and related infrastructure capabilities in the Atlanta / Northern Georgia market, with Allied generating about $100 million in standalone revenue.

New Mountain Capital to Acquire Jensen Hughes from Gryphon Investors

August 5, 2026

Professional Services

New Mountain Capital entered into a definitive agreement to acquire Jensen Hughes, a global fire protection engineering and nuclear risk engineering company, from Gryphon Investors. The transaction is expected to close in Q4 2026, subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed.

Cardinal Infrastructure Group Acquires Piedmont Pipe Construction

June 4, 2026

Industrial Services

Cardinal Infrastructure Group announced the acquisition of Piedmont Pipe Construction, a wet utilities provider serving North and South Carolina. Piedmont will operate under the Cardinal Civil Contracting brand as the deal expands Cardinal’s wet utility capabilities in the high-growth Charlotte market.

Corsica Technologies Acquires Hughes Systems Group

February 9, 2024

IT Services

Inverness Graham-backed Corsica Technologies has acquired Hughes Systems Group, a Santa Barbara-based provider of managed B2B data integration and EDI services, for an undisclosed amount. The acquisition is an add-on to Corsica's managed services platform to expand its data integration, order-to-cash automation, and supply chain integration capabilities for its mid-market clients.

Ryder Acquires Cardinal Logistics from H.I.G. Capital

February 1, 2024

Transportation

Ryder System, Inc. has acquired Cardinal Logistics from H.I.G. Capital, integrating Cardinal’s dedicated contract carriage, freight brokerage and last-mile capabilities to strengthen Ryder’s dedicated transportation and supply chain services. Cardinal, founded in 1997 and headquartered in Concord, North Carolina, operates ~200 locations with a fleet of 2,900 power units and more than 3,400 drivers; Ryder expects synergies and accretion following integration.

Little Diversified Architectural Consulting Acquires Hughes Group Architects

May 23, 2023

Professional Services

Little Diversified Architectural Consulting has acquired Hughes Group Architects, a Sterling, Virginia-based architecture firm. The deal expands Little’s design capabilities in public safety, higher education, K‑12 and recreation facilities while strengthening its presence in the greater Washington, D.C. market.