#United States #Raleigh #Russell 2000 #FTSE Russell #Cardinal Infrastructure Group

Cardinal Infrastructure Group to Join Russell Indexes

On March 20, 2026, Cardinal Infrastructure Group, Inc. (NASDAQ: CDNL), a rapidly growing infrastructure service provider based in Raleigh, North Carolina, announced its inclusion in the prestigious Russell 2000® and Russell 3000® Indexes, effective March 23, 2026. This milestone represents a significant achievement for the company as it aims to enhance its presence in the public markets.

Significance of the Inclusion

The addition to the Russell indexes indicates broader recognition and visibility for Cardinal, especially among institutional investors. Jeremy Spivey, Chairman and CEO of Cardinal, expressed enthusiasm about this achievement, highlighting that it would facilitate the company in attracting a more diverse base of investors. Cardinal's operational strategy is heavily built on fostering long-term relationships with clients while maintaining a sustainable growth trajectory.

Russell indexes are widely regarded as benchmarks by investment managers and institutional investors. Their significance stems from the fact that they are commonly used to guide investment strategies, making Cardinal's entry beneficial for its growth and investor outreach efforts. With approximately $18.1 trillion being benchmarked to FTSE Russell indexes globally, Cardinal's presence is set to elevate its visibility among potential investors significantly.

About Cardinal Infrastructure Group

Cardinal specializes in providing integrated civil and site development solutions in some of the fastest-growing markets in the Southeast United States. Their self-performing model is supported by a skilled workforce and specialized fleets, which ensures projects are executed efficiently and effectively. The company's commitment to operational discipline and market expansion showcases their ambitions for future growth.

In making this announcement, Cardinal emphasizes its focus on growth strategy rooted in integrity and client-focused service delivery. As the company continues to expand its operations, its inclusion in the Russell indexes represents a strategic move in capturing growth opportunities and engaging with a broader investor audience.

Future Outlook

While the recognition from Russell indexes marks a critical juncture in Cardinal’s development, the company acknowledges the inherent risks and challenges that lie ahead. Cardinal's leadership remains committed to upholding operational excellence while navigating the fluctuating demands of the market.

Investors interested in following Cardinal’s journey can access more information about the company and the Russell Indexes by visiting www.ftserussell.com. Cardinal Infrastructure Group is poised for further growth as it leverages this new chapter to strengthen its standing in the competitive landscape of infrastructure services.

In conclusion, Cardinal Infrastructure Group’s addition to the Russell 2000® and Russell 3000® Indexes exemplifies its commitment to growth and innovation as it seeks to enhance its public market presence, paving the way for future successes and strengthened relationships with investors.