Knife river completes acquisition of strata corporation

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.
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