Knife River Completes Acquisition of Strata Corporation
Knife Riv Holding Co. (KNF)
Company Research
Source: Business Wire
BISMARCK, N.D.--(BUSINESS WIRE)--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.Strata is an aggregates-led, vertically integrated company that employs over 900 team members during peak construction season. The transaction included:Well over 30 years of aggregate reserves for Strata’s operations. Its aggregates support its downstream products and services, as well as third-party sales. In 2024, Strata sold approximately
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News
- HCMLY or KNF: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Knife River Completes Acquisition of Strata Corporation [Yahoo! Finance]Yahoo! Finance
- Knife River Co. (NYSE: KNF) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $102.00 price target on the stock.MarketBeat
- Knife River Co. (NYSE: KNF) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $120.00 price target on the stock.MarketBeat
- Knife River: Q4 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
KNF
Earnings
- 2/13/25 - Beat
KNF
Sec Filings
- 3/28/25 - Form PRE
- 3/28/25 - Form 8-K
- 3/10/25 - Form 8-K
- KNF's page on the SEC website