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Investment Summary

MDU Resources Group Exits Knife River

On June 1, 2023, invested in building materials company Knife River from MDU Resources Group

Investment Highlights
  • This is transaction in the Building Materials sector.
  • This is transaction in the United States.
  • This is transaction in North Dakota.

Investment Summary
Date 2023-06-01
Target Knife River
Sector Building Materials
Sellers(s) MDU Resources Group
Deal Type Spin Off

Target

Knife River

Bismarck, North Dakota, United States
Knife River's corporate headquarters located in Bismarck, North Dakota.
Knife River's corporate headquarters located in Bismarck, North Dakota.
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.

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Seller(S) 1

SELLER

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 2 of 2
Sector: Building Materials M&A 1 of 1
Type: Spin Off M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS 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.

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