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Knife River Expands into Utah with Acquisition of Morgan Asphalt in Salt Lake City

  • Knife River Corporation acquired Morgan Asphalt Inc., an aggregates-based asphalt paving company located in the Salt Lake City, Utah area.
  • Morgan Asphalt serves public & private-sector customers across northern Utah with operations including aggregate crushing, asphalt production, & contracting services.
  • The acquired company operates a plant in west Salt Lake City & holds over 30 years of proven aggregate reserves.
  • Morgan Asphalt employs approximately 250 people during peak construction season.
  • Knife River President & CEO Brian Gray stated the acquisition expands the company's Mountain Region footprint ahead of the 2026 construction season.
  • The integration of Morgan Asphalt will add to Knife River's existing 15-state operational footprint.