Business
Knife River Completes Acquisition of Strata Corporation
BISMARCK, N.D., March 10, 2025--Knife River Corporation (NYSE: KNF) announced today that it has completed its previously announced acquisition of Strata Corporation, a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. The purchase price was $454 million, reflecting a multiple of approximately 9 times Strata’s projected 2025 EBITDA.
About this update from Knife Riv Holding Co.
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