MDU Resources Group completed the spin off of Everus Construction Group.

MDU Resources Group, a construction materials and services business, completed the spin off of Everus Construction Group, an electrical and mechanical construction services provider. Financial terms were not disclosed. “Today marks an exciting milestone in Everus’ history, which would not have been possible without the hard work and dedication of our highly skilled team members across the country. We remain focused on our mission of safely Building America’s Future as one of the largest specialty construction services providers in the US and are well-positioned to benefit from several powerful market drivers and industry megatrends, including data center growth, grid modernization and high-tech reshoring. Our proven leadership team is committed to executing on our 4EVER strategy, and we are ready to implement our disciplined capital allocation initiatives as a stand-alone company to drive sustained, profitable growth and long-term value for our shareholders," Jeffrey S. Thiede, Everus President and CEO.