M&A Deal Summary

MDU Resources Group Acquires Pride Electric

On September 17, 2019, MDU Resources Group acquired utilities company Pride Electric

Acquisition Highlights
  • This is MDU Resources Group’s 1st transaction in the Utilities sector.
  • This is MDU Resources Group’s 5th transaction in the United States.
  • This is MDU Resources Group’s 1st transaction in Washington.

M&A Deal Summary
Date 2019-09-17
Target Pride Electric
Sector Utilities
Buyer(s) MDU Resources Group
Deal Type Add-on Acquisition

Target

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.

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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 6 of 8
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Washington) 1 of 2
Country (United States) 5 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Sweetman Const.

Sioux Falls, South Dakota, United States

Sweetman Const. Co. is a provider of aggregates, asphalt and ready-mix concrete. Sweetman Const. was founded in 1930 and is based in Sioux Falls, South Dakota.

Buy -
FOLLOWING 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 -
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