M&A Deal Summary

MDU Resources Group Acquires PerLectric

On February 3, 2020, MDU Resources Group acquired construction company PerLectric

Acquisition Highlights
  • This is MDU Resources Group’s 1st transaction in the Construction sector.
  • This is MDU Resources Group’s 6th transaction in the United States.
  • This is MDU Resources Group’s 1st transaction in Virginia.

M&A Deal Summary
Date 2020-02-03
Target PerLectric
Sector Construction
Buyer(s) MDU Resources Group
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)

Target

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.

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Buyer(S) 1

Buyer

MDU Resources Group

Bismarck, North Dakota, United States
Category Company
Founded 1924
Sector Utilities
Employees12,826
Revenue 4.7B USD (2023)
DESCRIPTION

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 7 of 8
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Virginia) 1 of 1
Country (United States) 6 of 7
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Pride Electric

Redmond, Washington, United States

Pride Electric, Inc. provides high-end commercial, industrial and tenant improvement electrical construction, along with tele-data and security system installation. Pride Electric, Inc. has long-standing customer relationships and a solid industry reputation, resulting in repeat business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 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.

Buy -
Mergr

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