Cardinal Infrastructure Group

About Cardinal Infrastructure Group

Cardinal Infrastructure Group, operating as Cardinal Civil Contracting, is a full-service civil contracting company founded in 2013. The firm is headquartered in Raleigh, North Carolina, and its leadership team includes partners Jeremy Spivey, Erik West, and Mike Rowe (CFO), along with Robert S. Spivey as Director of Operations. Mr. Spivey has over 21 years of experience in civil construction, having started on a utility crew and progressed through roles like Chief Estimator and Senior Project Manager before co-founding the company. The leadership team possesses over 80 years of combined experience and has managed projects valued at approximately $1.5 billion.

The company provides a comprehensive suite of infrastructure services, delivering turnkey solutions for site development. Core services include site clearing, grading, erosion control, drilling and blasting, paving, and the installation of wet utilities such as water, sewer, and stormwater systems. By performing the majority of these services in-house with a large, skilled workforce and a specialized equipment fleet, the company minimizes reliance on subcontractors. This business model allows for greater control over project timelines and budgets. The firm serves a diverse client base that spans private developers, universities, government agencies, general contractors, and corporations across residential, commercial, industrial, municipal, and institutional sectors.

As of December 2025, Cardinal Infrastructure Group announced its initial public offering (IPO) on the Nasdaq under the ticker symbol "CDNL". The offering of 11.5 million shares was priced at $21.00 per share, aiming to raise gross proceeds of approximately $241.5 million to fund expansion and other corporate purposes.