Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, has made a name for itself as a major player in the business world. One of the key strategies that has contributed to its success over the years is its knack for acquiring companies across various industries.
In this blog, we’ll delve into some of the most notable acquisitions made by Berkshire Hathaway, under the management of Warren Buffett and Charlie Munger.
Companies Acquired by Berkshire Hathaway
Acquisition Date | Name of Acquired Company | % Acquired | Cost of Acquisition |
---|---|---|---|
1967 | National Indemnity Group | 100% | $8.6 million |
1970 | Berkshire Hathaway Homestate Companies | 100% | |
1972 | See’s Candy | 67.30% | $25 million |
1972 | Wesco Financial | 100% | $127 million |
1977 | The Buffalo News | 100% | $32.5 million |
1979 | Precision Steel Warehouse | ||
1983 | Nebraska Furniture Mart | 90% | $60 million |
1986 | Scott Fetzer | 84% | |
1986 | Fechheimer Brothers | 100% | $315 million |
1988 | Borsheims Jewelry | 80% | |
1991 | H.H. Brown | ||
1992 | Central States Indemnity | 82% | |
1995 | GEICO | 100% | $2.76 billion |
1995 | Helzberg Diamonds | ||
1995 | R.C. Willey Home Furnishings | ||
1996 | Kansas Bankers Security | $75 million | |
1996 | Flight Safety International | $1.5 billion | |
1997 | International Dairy Queen | $590 million | |
1997 | Star Furniture | ||
1998 | General Re | 100% | $22 billion |
1998 | Netjets | $725 million | |
1999 | MidAmerican Energy | $1.25 billion | |
1999 | Jordan’s Furniture | ||
2000 | United States Liability Insurance Group | ||
2000 | Ben Bridge Jeweler | ||
2000 | Benjamin Moore Paint | $1 billion | |
2000 | CORT Business services | $386 million | |
2000 | Johns Manville Corp | $1.8 billion | |
2000 | Justin Industries | $570 million | |
2000 | Shaw Industries | ||
2001 | Larson Juhl | ||
2001 | MiTek Inc | $500 million | |
2001 | XTRA | $590 million | |
2001 | Fruit of the Loom | 100% | $835 million |
2002 | CTB International | $180 million | |
2002 | Garan | $270.6 million | |
2002 | The Pampered Chef | ||
2003 | Clayton Homes | $1.7 billion | |
2003 | McLane Company | $1.45 billion | |
2005 | Medical Protective | $825 million | |
2005 | Applied Underwriters | ||
2005 | Business Wire | ||
2005 | Forest River | $800 million | |
2005 | Iscar | 100% | $6.05 billion |
2005 | TTI | ||
2007 | Boat America Corporation | ||
2007 | Richline Group | ||
2007 | Russell Corporation | $600 million | |
2007 | Marmon Group | ||
2009 | Burlington Northern Santa Fe | 100% | $44 billion |
2011 | Lubrizol | 100% | $9.7 billion |
2011 | Omaha Herald | $150 million | |
2012 | Media General | $142 million | |
2012 | Prudential Connecticut | ||
2012 | Oriental Trading Company | ||
2013 | H.J. Heinz | 50% | $12.25 billion |
2013 | NV Energy | 100% | $5.6 billion |
2014 | Van Tuyl Group | 100% | |
2014 | Charter Brokerage | ||
2014 | Duracell | 100% | $4.7 billion |
2015 | Detlev Louis Motorrad-Vertriebs GmbH | ||
2015 | Precision Castparts | 100% | $37.2 billion |
2017 | Pilot Flying J | 38.60% | |
2022 | Alleghany Corporation | 100% | US $11.6 billion |
Also read:
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Conclusion
Berkshire Hathaway’s acquisition strategy has played a pivotal role in its success as a conglomerate. These notable acquisitions have diversified its portfolio, provided steady cash flows, and allowed the company to venture into various industries.
Warren Buffett’s long-term investment philosophy and keen eye for value have been instrumental in selecting companies that align with Berkshire’s core principles.
As Berkshire Hathaway continues to evolve, it will be fascinating to see what future acquisitions are in store for this iconic conglomerate.
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