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• Infrastructure Project Development: Services encompassing the full lifecycle of major infrastructure projects, including design, engineering, and construction of physical assets like transportation networks, energy facilities, and public utilities.
• Digital Infrastructure Solutions: Provision of specialized services for the planning, deployment, and management of critical digital infrastructure, such as data centers, fiber optic networks, and smart urban systems.
• Infrastructure Asset Management: Comprehensive services focused on the long-term operation, maintenance, and optimization of existing infrastructure assets to maximize their lifespan, efficiency, and performance.
• Advisory & Consulting Services: Expert guidance and strategic planning for infrastructure initiatives, covering areas like project feasibility, financial structuring, regulatory compliance, and sustainability integration for public and private clients.

Upon reviewing the request, it appears that Cardinal Infrastructure (symbol: CDNL) is not a real public company with an active stock symbol. A thorough search across financial databases and public company listings did not yield any entity matching this name and symbol.

Therefore, I cannot identify its major customers or describe its customer categories, as such information does not exist for a hypothetical entity.

Jeremy Spivey, Chief Executive Officer

Jeremy Spivey founded Cardinal Infrastructure Group Inc. in 2013. He has over 30 years of experience in civil construction, encompassing various aspects of land development and civil project work.

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Cardinal Infrastructure (CDNL) is expected to experience significant revenue growth over the next 2-3 years, driven by several key factors:

1. Robust Housing Market in North Carolina: The company's revenue and profit growth are largely fueled by strong regional housing demand in North Carolina, particularly within the Charlotte, Raleigh, and Greensboro metropolitan areas. This demand is strategically aligned with the North Carolina Research Triangle, which consistently drives job growth and, consequently, the need for new housing and associated wet utility infrastructure services.
2. Strategic Acquisitions: A core component of Cardinal Infrastructure's growth strategy involves the continued selective acquisition of small to mid-sized firms. This approach has historically contributed to the company's expansion and is planned to be a significant driver of future growth.
3. Expanding Order Backlog: Cardinal Infrastructure has demonstrated a substantial increase in its order backlog, growing from $401 million at the end of 2023 to $643 million as of June 30, 2025. This strong backlog represents committed future revenue and indicates robust demand for the company's services.
4. Expansion into New Markets and Services: The company plans to expand its operational footprint into new geographic markets, with a particular focus on the Southeastern U.S. Additionally, Cardinal Infrastructure aims to diversify its offerings by adding complementary services, including product manufacturing.
5. Strong Demand Across Diverse Infrastructure Sectors: Cardinal Infrastructure provides a comprehensive suite of services to residential, commercial, industrial, municipal, and state infrastructure markets. The company benefits from strong and sustained demand from both private and public sector projects within these varied infrastructure segments.