Osterweis Opportunity Fund on Cardinal Infrastructure Group Inc.
Thesis
Cardinal Infrastructure delivered strong first-quarter results, including 64% organic growth, and announced its first data-center win. The company also completed a well-priced secondary offering that increased expectations for additional accretive acquisitions. Cardinal remains founder-led and currently operates in only two states, leaving substantial room for geographic expansion. The fund believes its vertically integrated service model can support both organic and inorganic growth for many years.
“We believe there is a meaningful long-term opportunity for Cardinal’s superior vertically integrated service model to grow organically and inorganically for many years to come.”