M&A Deal Summary

Berkshire Hathaway Acquires NetJets IP

On July 23, 1998, Berkshire Hathaway acquired aerospace company NetJets IP for 725M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 2nd transaction in the Aerospace sector.
  • This is Berkshire Hathaway’s 23rd largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 16th transaction in the United States.
  • This is Berkshire Hathaway’s 3rd transaction in Ohio.

M&A Deal Summary
Date 1998-07-23
Target NetJets IP
Sector Aerospace
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 725M USD

Target

NetJets IP

Columbus, Ohio, United States
website
NetJets company provides total commitment to safety,Security and Reliability.From our strict maintenance and operational procedures to the advanced technology on our planes and our rigorous pilot-training program, we never compromise the safety of our Owners.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

website

Category Company
Founded 1998
Sector Diversified
Employees360,000
Revenue 234.2B USD (2022)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 16 of 69
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 13 of 47
State (Ohio) 3 of 4
Country (United States) 16 of 64
Year (1998) 2 of 3
Size (of disclosed) 23 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-05 International Dairy Queen

Minneapolis, Minnesota, United States

Dairy Queen operators have been providing consumers with crave-satisfying treats and food since 1940..The founders of the Dairy Queen system were men and women who introduced a new kind of dessert treat and, in the process, developed the foundation of the franchising industry. The history of the DQ system is a story of a unique product that created an industry.

Buy $585M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-21 General Re

Stamford, Connecticut, United States

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. We work closely with our clients to understand their strategic and operational goals, offering a wide range of products, tools and resources that aim to promote our clients’ ongoing growth and success.

Buy $22.0B
Mergr

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