Cardinal has agreed to a $358 million deal to expand its heavy civil construction footprint in Florida, according to Engineering News-Record.
The transaction centers on Hughes Brothers’ central Florida operations, which Cardinal plans to use as a platform for added construction services and further acquisitions across the state.
The expected acquisition close would give Cardinal a larger base in central Florida and a vehicle for expanding its business in Florida beyond the current operations described in the source.
The report attributes the deal and its stated post-close plans to Cardinal, with Engineering News-Record identifying the transaction in its coverage.
No other project details, closing timeline, or construction schedule were provided in the source material.
