M&A Deal Summary

Berkshire Hathaway Acquires Precision Castparts

On August 10, 2015, Berkshire Hathaway acquired manufacturer Precision Castparts for 37.2B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 2nd transaction in the Manufacturing sector.
  • This is Berkshire Hathaway’s 2nd largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 62nd transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Oregon.

M&A Deal Summary
Date 2015-08-10
Target Precision Castparts
Sector Manufacturing
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 37.2B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Cravath, Swaine & Moore LLP
Stoel Rives (Legal)

Target

Precision Castparts

Portland, Oregon, United States
website
Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.

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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 66 of 69
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 45 of 47
State (Oregon) 1 of 1
Country (United States) 62 of 64
Year (2015) 3 of 3
Size (of disclosed) 2 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Axalta

Glen Mills, Pennsylvania, United States

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. The company comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Glen Mills, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Paytm

Noida, India

Paytm is a Mobile Value Added Service company through its mobile content, messaging, commerce services, and made-to-order network applications, it offers new revenue streams to telecom operators. Working closely with service providers and enterprises, the company offers customer lifecycle management and mobile marketing to enhance profitability. Paytm is based in Noida, India.

Buy -
Mergr

Product

Company

Legal