Acquiring Company
Knife River Corporation
Acquired Company
Strata Corporation
BismarckGrand ForksManufacturingConstructionBuilding MaintenanceBuilding MaterialBuilding MaintenanceBuilding MaterialDescription
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.
Quick answer
Knife River Corporation is acquiring Strata Corporation for $454 million, announced March 10, 2025. Knife River Corporation is based in Bismarck, North Dakota, United States.
- How much did Knife River Corporation pay for Strata Corporation?
- The reported deal value is $454 million.
- What does Knife River Corporation do?
- 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..
- Where are Knife River Corporation and Strata Corporation based?
- Knife River Corporation is based in Bismarck, North Dakota, United States. Strata Corporation is based in Grand Forks, North Dakota, United States.
- Who are the decision-makers at Knife River Corporation?
- Fundz holds 1 contact at Knife River Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- James Hardie to merge with Azek for $14 billion, $14B (April 7, 2025)
- James Hardie to acquire AZEK for $8.75 billion, $8.8B (March 23, 2025)
- Ambuja Cements acquires majority stake in Orient Cement (March 4, 2025)
Who to call at Knife River Corporation, and when
When Knife River Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Strata Corporation?
Strata Corporation was acquired by Knife River Corporation, based in Bismarck. The deal was reported on March 10, 2025. Knife River Corporation is publicly traded (KNF) and operates in Manufacturing.
When did Knife River Corporation acquire Strata Corporation?
Knife River Corporation's acquisition of Strata Corporation was reported on March 10, 2025. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Strata Corporation do?
Strata Corporation is a leading construction materials and contracting services provider in North Dakota and northwestern Minnesota. It is privately held, operating in Building Maintenance, and is based in Grand Forks.
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