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M&A Deal Summary

MDU Resources Group Acquires Oldcastle Precast - Prestressed-Concrete Business

On February 14, 2020, MDU Resources Group acquired building materials company Oldcastle Precast - Prestressed-Concrete Business from Oldcastle Precast

Acquisition Highlights
  • This is MDU Resources Group’s 6th transaction in the Building Materials sector.
  • This is MDU Resources Group’s 7th transaction in the United States.
  • This is MDU Resources Group’s 2nd transaction in Washington.

M&A Deal Summary
Date 2020-02-14
Target Oldcastle Precast - Prestressed-Concrete Business
Sector Building Materials
Buyer(s) MDU Resources Group
Sellers(s) Oldcastle Precast
Deal Type Divestiture

Target

Oldcastle Precast - Prestressed-Concrete Business

Auburn, Washington, United States
Oldcastle Precast, Inc. - Prestressed-Concrete Business produces precast and prestressed concrete components for projects throughout Washington, Idaho, and Oregon.

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Buyer(S) 1

Buyer

MDU Resources Group

Bismarck, North Dakota, United States
Category Company
Founded 1924
Sector Utilities
Employees2,052
Revenue 1.8B USD (2024)
DESCRIPTION
MDU Resources' corporate headquarters located in Bismarck, North Dakota.
MDU Resources' corporate headquarters located in Bismarck, North Dakota.

MDU Resources Group provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services. MDU Resources Group was founded in 1924 and is based in Bismarck, North Dakota.

DEAL STATS #
Overall 8 of 8
Sector: Building Materials M&A 6 of 6
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 PerLectric

Fairfax, Virginia, United States

PerLectric, Inc. is a provider of an electrical construction to government, mission-critical, commercial and health care customers. PerLectric was founded in 1992 and is based in Fairfax, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Knife River

Bismarck, North Dakota, United States

Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. It also distributes cement and asphalt oil. It performs integrated contracting services. Knife River Corporation is based in Bismarck, North Dakota.

Sell -

Seller(S) 1

SELLER

Oldcastle Precast

Auburn, Washington, United States
Category Company
Founded 1957
Sector Building Materials
DESCRIPTION

Oldcastle Precast is the manufacturer of precast concrete, polymer concrete and plastic products in the United States.

DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 KriStar Enterprises

Santa Rosa, California, United States

KriStar Enterprises, Inc. has successfully developed innovative stormwater management products that meet the rigorous and evolving demands of Federal, State and local regulations.

Buy -
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