FERGUS FALLS, MN-Otter Tail Corp. said this week it has bought the assets and operations of Foley Co., a mechanical and prime contracting firm based in Kansas City, MO.

Foley Co. provides a range of specialty contracting including design and build services for new construction, retrofitting, process piping, equipment settings, and instrumentation and control systems.

Major clients include water and wastewater treatment plants, power generation plants, hospital and pharmaceutical facilities, and other industrial and manufacturing projects across a multi-state service area. As a prime contractor, the company delivers contracting services as well as coordinates subcontractors on client projects.

Foley Co. had gross revenues of $44.8 million in 2002 and has 51 employees. The firm, which was founded in 1913, says it is consistently ranked in the top 100 of all specialty contractors nationwide. The transaction, the terms of which were not disclosed, involved an exchange of cash for stock.

Otter Tail is based in Fergus Falls, MN, and Fargo, ND. It has interests in the electric utility, health services, plastics, manufacturing, construction, transportation, telecommunications and entertainment industries.

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