MDU Resources Group Inc has acquired Kent's Oil Service, a 15,000-ton liquid asphalt facility headquartered in Stockton CA. Kent's Oil will operate as part of Knife River Corp, the construction materials and mining subsidiary of MDU Resources. Details of the acquisition were not disclosed.
Founded in 1984 by Kent Raverty, Kent's Oil has served the market for 22 years with its emulsion distribution business and for four years as a liquid asphalt provider. Raverty will continue to lead the team of 25 employees who will continue to operate under the name Kent's Oil Service.
Kent's Oil will be part of Knife River's Pacific Region, managed by region president Dave Barney. Other Pacific Region operations include DSS Co, Concrete Inc, and KRC Aggregate Inc, all headquartered in Stockton; Baldwin Contracting Co Inc, based in Chico CA; Connolly-Pacific Co, headquartered in Long Beach CA; Alaska Basic Industries Inc, based in Anchorage AK; Hawaiian Cement, headquartered in Aiea HI; and West Hawaii Concrete, based in Kailua-Kona HI.