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Stock impact report

Grand Forks construction company poised for $454 million sale in 2025 [Yahoo! Finance]

Knife Riv Holding Co. (KNF) 
Company Research Source: Yahoo! Finance
be sold in the first half of 2025 to Knife River Corporation, a similar company based in Bismarck. Knife River entered into a definitive agreement to acquire Strata earlier this month, according to a statement on Knife River's website. Strata is valued at $454 million, according to the statement. Knife River President and CEO Brian Gray said he expects the acquisition will be a "great, long-term fit for us." "Strata's high-quality assets allow us to expand our service territory within a region we know well," Gray said in a statement. Strata was founded in 1910 near Arvilla, North Dakota, as Bradshaw Gravel Supply, and now has more than 75 aggregate locations across North Dakota and northwestern Minnesota, 28 ready-mix plants, three asphalt plants and a contracting services division specializing in asphalt paving and concrete construction. Knife River was founded in 1917 near Knife River, North Dakota, and now operates in 14 states. In 2023, Knife River became a public compan Show less Read more
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