It performs integrated contracting services. MDU Construction Services Group employs more than 7,500 skilled employees across the country. The distribution systems in these towns passed into MDU ownership by the early 1940s. MDU Resources Group, Inc. | LinkedIn Loading. In addition, all pages on Bizapedia will be Using a database of 30 million profiles, Zippia estimates demographics and statistics for MDU Resources. Non-GAAP financial measures are not standardized; therefore, it may not be possible to compare such financial measures with other companies non-GAAP financial measures having the same or similar names. For more information about MDU Resources, visitwww.mdu.comor contact the Investor Relations Department at[emailprotected]. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. MDU Resources Group corporate office is located in 1200 W Century Ave, Bismarck, North Dakota, 58503, United States and has 791 employees. It has an unusually high proportion of employees who are members of the Republican Party, at 73.0%. Further details related to capital structure, governance and other elements of the transaction will be announced at a later date. About Us - Montana-Dakota Utilities Company Working At MDU Resources: Employee Reviews and Culture Customer Service: 7:30 A.M. - 6:30 P.M. | Monday through Friday. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, It generated $78 million of EBITDA in 2021. You must click the activation link in order to complete your subscription. Claiming and updating your company profile on Zippia is free and easy. Our construction services bring power to communities and neighborhoods across the country. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. BISMARCK, N.D., Aug. 4, 2022 /PRNewswire/ MDU Resources Group, Inc. (NYSE: MDU) today announced that its board of directors has unanimously approved a plan to separate its wholly owned construction materials business, Knife River Corporation, from the company. [8] Two additional lawsuits were filed against Loy Clark in December 2019. MDU Resources may also be known as or be related to MDU Resources, MDU Resources Group, MDU Resources Group Inc and MDU Resources Group, Inc. MDU Resources headquarters is in Bismarck, ND. Knife River has more than 1 billion tons of aggregate reserves, 110 ready-mix plants, 50 asphalt plants and a combined 410,000 tons of liquid asphalt and cement storage. With our nations focus on infrastructure, the recent passage of the Investment in Infrastructure and Jobs Act will provide federal funding to support the type of public and private work Knife River does. MDU Resources employees are most likely to be members of the Republican Party. from 8 AM - 9 PM ET. Home - MDU Resources Group Inc. Distinct investment opportunities: Investors will have two compelling investment opportunities and will be able to better assess the value of the two companies based on their respective operational and financial characteristics. By continuing to use this application, you consent to the use of cookies in accordance with our, Behnken named to national Innovation Institute, General foreman puts stop the bleed training into practice, saves mans life, MDU Resources Reports Third Quarter Earnings; Board Authorizes Strategic Review for MDU Construction Services Group, MDU Construction Services Group ranks No. We are sorry, but your computer or network may be sending automated queries. Analytical cookies are used to understand how visitors interact with the website. $20 Hourly. The Oregon Public Utility Commission faulted MDU subsidiary[4][5] Loy Clark for the 2016 Portland gas explosion that leveled a building, sent asbestos fragments flying, damaged numerous buildings and injured eight people. By creating this job alert, you agree to the LinkedIn User Agreement and Privacy Policy. USA. Rebecca Dorwart's job functions are Human Resources, Operations, Rebecca Dorwart's work email address is ***************@mdu.com, Rebecca Dorwart's LinkedIn profile can be found at, Rebecca Dorwart's work phone number (HQ) is +1 701-530-1***. The Construction Services segment designs, constructs, and maintains overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines; electrical and communication wiring and infrastructure, and fire suppression systems; and renewable energy projects. 1025 1250 W. Century Ave. Bismarck, ND 58501 Subsidiaries to MDU Resources include Young Brothers Inc Contractors. In 1997, MDU Resources started its utility services division, which over the years has expanded its construction services offerings and become the MDU Construction Services Group segment. The cookies is used to store the user consent for the cookies in the category "Necessary". J.P. Morgan Securities LLC and PJT Partners are serving as financial advisors for the transaction; Wachtell, Lipton, Rosen & Katz is serving as legal advisor. MDU Resources got its start in 1924 as the Minnesota Northern Power Company. Your entire office will be able to use your search subscription. With the spinoff, it is expected that MDU Resources shareholders will retain their current shares of MDU Resources stock and receive a pro rata distribution of shares of Knife River stock in a transaction that is expected to be tax free to MDU Resources and its shareholders for U.S. federal income tax purposes. Second Quarter 2022 Financial Results Optimized capital structures: Each company will benefit from distinct capital structures and financial policies tailored to their separate business profiles and needs. MDU Resources Surplus Auction - Cabinet Bismarck, ND 58501-4092, 2023 MDU Construction Services Group, Inc.. All rights reserved. 4. [6] The damages totaled $17.2 million. We expect Knife River shares to be distributed immediately upon the completion of the spinoff transaction, which we expect to occur during 2023. The companys utilities provide affordable and reliable electric and natural gas service to 1.2 million customers across eight states. By continuing to use this application, you consent to the use of cookies in accordance with our. It served approximately 938,867 residential, commercial, and industrial customers in 335 communities and adjacent rural areas. Zippia gives an in-depth look into the details of MDU Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MDU Resources. We also use third-party cookies that help us analyze and understand how you use this website. Who is MDU Resources Group Headquarters 1200 W Century Ave, Bismarck, North Dakota, 58503, United States Phone Number (701) 530-1000 Website www.mdu.com Revenue $5.9B Stock Symbol MDU Industry Electricity, Oil & Gas Energy, Utilities & Waste Treatment MDU Resources Group's Social Media Is this data correct? None of the information on this page has been provided or approved by MDU Resources. Our expertise includes refinery and plant construction and maintenance, as well as automotive, renewable energy and steel facility installations and maintenance. Employees at Portland General Electric earn more than most of the competition, with an average yearly salary of $79,561. Enhanced strategic focus: Each business will be able to pursue individualized strategies specific to the industries in which it operates, and use equity tailored to its own business to enhance acquisition programs and retention and hiring. MDU Resources is in the electric power natural gas construction industry. The company is 37.8% female and 18.4% ethnic minorities. Some of Rebecca Dorwart's colleagues are Mark Haag, Korey Fried, Eric Hope, Ben Morrison, Amanda Kadrmas, Ron Kutzler, Sheri Berogan, Christy Dirk-senn. Terry Hildestad donated Some of the competitors of MDU Resources are Portland General Electric, The Williams Companies, and Peabody Energy. These cookies will be stored in your browser only with your consent. Audio and webcast replays will be available through Aug. 18, 2022, at 888-203-1112, or 719-457-0820 for international callers, passcode ID 3010359. MDU Resources Office Locations and Headquarters: Bismarck, ND MDU Resources Expects Second Quarter Spinoff of Knife River Corp The company believes these non-GAAP financial measures are useful to investors by providing meaningful information about operational efficiency compared to the companys peers by excluding the impacts of differences in tax jurisdictions and structures, debt levels and capital investment. MDU Resources Group - Overview, News & Competitors - ZoomInfo Our electrical, mechanical and fire suppression services companies have deep experience in a wide variety of work across the country. 67% of the management team is White. Changes in such assumptions and factors could cause actual future results to differ materially. In 1985, the corporation realigned its operations under the name MDU Resources Group, Inc. MDU Construction Services Group has resources across the country to get any job done. Conference Call Careers Featured projects Our customers are as varied as our experience. 1150 W. Century Ave. Employee Directory. Since its first aggregate company acquisition in 1992, MDU Resources has built Knife River into a leading aggregates-based construction materials business. 10-K. The company was founded in 1924 as a small electric utility serving a handful of farm communities on the border of Montana and North Dakota. The company strongly encourages investors to review the consolidated financial statements in their entirety and to not rely on any single financial measure. A strong infrastructure is the heart of our country's economy. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Support Product Field and Product Research & Development on Rule and Underwriting Guideline analysis and recommendations for both current features and offerings, and those that will be developed in the future. Statement of Changes in Beneficial Ownership. Tim W. Harrington - Head of IT - Bestop, Inc. | LinkedIn Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, MDU Resources Board of Directors Names Leadership for Knife River Upon Separation, MDU Resources Declares Quarterly Dividend on Common Stock. The proposed separation is subject to customary conditions, including final approval by the MDU Resources board of directors, receipt of a tax opinion and, if determined advisable, a private letter ruling from the Internal Revenue Service, and the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. You also have the option to opt-out of these cookies. if we've collected "Sales Lead Information" for a given company, it will be displayed on the MDU Resources may also be known as or be related to MDU Resources, MDU Resources Group, MDU Resources Group Inc and MDU Resources Group, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Today, from our headquarters in Bismarck, North Dakota, we have more than 16,000 employees during peak construction season operating across the country, delivering energy and providing construction materials and services. On average, employees at MDU Resources stay with the company for 5.3 years. This will also involve communication with the various functional areas and assistance in the development of training programs. No assurance can be given regarding the form that a spinoff transaction may take or the specific terms or timing thereof, or that a spinoff will in fact occur. These forward-looking statements, including key growth strategies, projections, certain assumptions and strategies of MDU Resources and the independent companies following the proposed spinoff, the anticipated benefits of the spinoff, and the expected timing of completion of the spinoff, are only predictions and involve known and unknown risks and uncertainties, many of which are beyond MDU Resources control, and could cause actual results to differ materially from those indicated in such forward-looking statements. Jan 2004 - Mar 201511 years 3 months. The company was founded in 1924 and is based in Bismarck, North Dakota. Rebecca Dorwart has 6 months experience as Human Resources Special Projects Manager. The actual number of shares to be distributed to MDU Resources shareholders will be determined prior to closing, as will the specific transaction structure. We believe the spinoff will create many compelling benefits, including: With a successful track record of organic and M&A-driven growth, we have built Knife River into a leading aggregates-based construction materials business. By continuing to use this application, you consent to the use of cookies in accordance with our. MDU Resources Group, Inc., a member of the S&P MidCap 400 and the S&P High-Yield Dividend Aristocrats indices, is Building a Strong America by providing essential products and services through its regulated energy delivery and construction materials and services businesses. Posted: January 31, 2023. The company's filing status is listed as Active and its File Number is 1981716. While the highest-paid employees at MDU Resources Group can earn over $92,000 a year, the lowest-paid employees earn less than . We build complex, diverse projects for our customers and were always looking for team members to contribute to our success. These efforts demonstrate our progress and commitment to move toward our goal of creating two pure-play public companies, with one focused on regulated energy delivery and the other on construction materials.".