India, March 10 -- Knife River Corporation (KNF) Monday announced that it has acquired Strata Corporation, a construction materials and contracting services provider in North Dakota and northwestern Minnesota, for $454 million-approximately nine times Strata's projected 2025 EBITDA. This acquisition strengthens Knife River's market position and operational capabilities.
Strata, a vertically integrated firm with over 900 peak-season employees, brings:
Aggregate reserves exceeding 30 years, with 3 million tons sold in 2024.
Extensive logistics assets, including a fleet of trucks, seven locomotives, and 400+ railcars across eight rail yards.
28 ready-mix plants with 120 trucks, specializing in high-spec concrete.
Three asphalt plants serv...