Acquiring Company
Knife River Corporation
Acquired Company
Morgan Asphalt
BismarckSalt Lake CityManufacturingConstructionBuilding MaintenanceBuilding MaterialConstructionDescription
Knife River Corporation has announced the acquisition of Morgan Asphalt Inc., enhancing its presence in Utah. This strategic move will integrate Morgan's operations into Knife River's regional framework ahead of the 2026 construction season. Morgan Asphalt employs approximately 250 people during peak construction season.
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.
- An alert the day Knife River Corporation raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Morgan Asphalt?
Morgan Asphalt was acquired by Knife River Corporation, based in Bismarck. The deal was reported on February 27, 2026. Knife River Corporation is publicly traded (KNF) and operates in Manufacturing.
When did Knife River Corporation acquire Morgan Asphalt?
Knife River Corporation's acquisition of Morgan Asphalt was reported on February 27, 2026. Knife River Corporation has announced the acquisition of Morgan Asphalt Inc., enhancing its presence in Utah. This strategic move will integrate Morgan's operations into Knife River's regional framework ahead of the 2026 construction season. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Morgan Asphalt do?
Morgan Asphalt Inc. is an aggregates-based asphalt paving company serving public and private-sector customers across northern Utah. The company has built an excellent reputation in the market. It is privately held, operating in Construction, and is based in Salt Lake City.
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