MDU Grows -- February 3, 2020

MDU has acquired PerLectric, Inc. Press release here.

PerLectric, Inc., is a leading electrical construction company in Fairfax, Virginia. Founded in 1992, PerLectric provides electrical construction to government, mission critical, commercial and health care customers.

PerLectric will operate as a subsidiary of MDU Construction Services Group, Inc. Financial details of the acquisition were not disclosed.

"PerLectric expands the geographic footprint of our construction services to the Mid-Atlantic region," said David L. Goodin, president and CEO of MDU Resources. "We already work with many of PerLectric's customers in other areas of the U.S., and this acquisition provides us an opportunity to serve those customers in a new market."

Fairfax is part of the Washington, D.C., metro area, the sixth-largest metro area in the United States that also boasts the second-highest total commercial construction starts. Northern Virginia is one of the world's largest data center markets.