Knife River Expands into Utah Market with 250-Employee Morgan Asphalt Deal
Knife River has acquired Morgan Asphalt Inc. in Salt Lake City, adding an asphalt plant, aggregate crushing with over 30 years of proven reserves and a 250-employee team. The deal establishes Knife River’s first Utah operations ahead of the 2026 construction season, expanding its 15-state footprint.
1. Acquisition Details
Knife River Corporation has completed the acquisition of Morgan Asphalt Inc., an aggregates-based asphalt paving company located in the Salt Lake City area, marking its entry into Utah.
2. Operations and Assets
Morgan Asphalt operates an asphalt production plant in west Salt Lake City, runs aggregate crushing facilities with over 30 years of proven reserves, and offers contracting services including asphalt paving, excavating and grading.
3. Workforce and Market Reach
The company employs approximately 250 workers during peak construction season and serves both public and private clients across northern Utah, positioning Knife River in one of the fastest-growing U.S. markets.
4. Strategic Expansion and Integration
This acquisition expands Knife River’s Mountain Region footprint to a 15-state network ahead of the 2026 construction season and provides a platform for further growth and regional operational synergies.