Knife River acquires Strata Corporation for $454M
03/10/25, 12:46 PM
Location
bismarckgrand forksIndustry
construction
manufacturing
building material
building maintenance
Knife River Corporation has completed its acquisition of Strata Corporation for $454 million. This acquisition aims to enhance Knife River's growth strategy and expand its market reach. The integration of Strata's operations is already in progress and is expected to positively impact Knife River’s financial performance. Knife River anticipates the acquisition will be accretive to its Adjusted EBITDA margin within the first year.
Company Info
Location
Bismarck, North Dakota, United States
Company info
Knife River Corporation, a member of the S&P MidCap 400 index, mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. Knife River also performs vertically integrated contracting services, specializing in publicly funded DOT projects and private projects across the industrial, commercial and residential space.