logo
logo

Knife River acquires Strata Corporation for $454M

Mar 10, 2025•4 months ago

Acquiring Company

Knife River Corporation

Acquired Company

Strata Corporation

BismarckGrand ForksConstructionManufacturingBuilding MaterialBuilding Maintenance

Description

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 Information

Company

Knife River Corporation

Location

Bismarck, North Dakota, United States

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

Robert hidden

hidden
hidden

Nathan hidden

hidden
hidden