Knife River completed the acquisition of Strata for $454m.

Knife River, a construction materials and contracting services provider, completed the acquisition of Strata, a construction materials and contracting services provider, for $454m. “We’re excited to welcome Strata to the Knife River family of companies as we continue to execute on our Competitive EDGE plan to profitably grow our business. Strata provides infill growth in our Central Region, along with access to new markets, and we expect it will be accretive to Knife River’s Adjusted EBITDA margin within the first year," Brian Gray, Knife River President and CEO.