Acquisition History / Knife River Corporation / Strata Corporation
Knife River Corporation Acquires Strata Corporation
Announced March 10, 2025 — $454M
What happened
Strata is an aggregates-led, vertically integrated construction materials and contracting provider in North Dakota and northwestern Minnesota with over 900 seasonal employees and 30+ years of aggregate reserves. Knife River completed the acquisition March 10, 2025 for $454M, funded partly by a $500M Term Loan B.
- Acquirer
- Knife River Corporation
- Target
- Strata Corporation
- Announced
- March 10, 2025
- Price
- $454M
- Industry
- Construction materials and contracting
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Knife River Corporation acquire Strata Corporation?
Knife River Corporation acquired Strata Corporation on March 10, 2025. This was Knife River Corporation's 1st publicly tracked acquisition out of 1 we have on record.
How much did Knife River Corporation pay for Strata Corporation?
Knife River Corporation paid $454M for Strata Corporation.
What does Strata Corporation do?
Strata is an aggregates-led, vertically integrated construction materials and contracting provider in North Dakota and northwestern Minnesota with over 900 seasonal employees and 30+ years of aggregate reserves. Knife River completed the acquisition March 10, 2025 for $454M, funded partly by a $500M Term Loan B.
What other Construction materials and contracting companies has Knife River Corporation acquired?
Strata Corporation is Knife River Corporation's only publicly tracked acquisition in Construction materials and contracting so far.