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Knife River Completes Acquisition of Strata Corporation

1. KNF completed its $454 million acquisition of Strata Corporation. 2. The purchase reflects a multiple of approximately 9 times projected 2025 EBITDA.

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FAQ

Why Bullish?

KNF's acquisition of Strata enhances its market position and growth potential, similar to prior successful acquisitions that positively impacted shareholder value. Historical acquisitions by construction firms often resulted in increased revenue and market share.

How important is it?

This acquisition is a significant strategic move for KNF, indicating its commitment to growth and market expansion, likely leading to increased investor confidence and stock performance.

Why Long Term?

The benefits from this acquisition will unfold as Strata integrates, impacting KNF's financial health in future quarters, much like previous acquisitions that led to sustained growth over multiple years.

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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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