M&A Deal Summary

Berkshire Hathaway Acquires Clayton Homes

On August 7, 2003, Berkshire Hathaway acquired construction company Clayton Homes for 1.7B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Construction sector.
  • This is Berkshire Hathaway’s 16th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 35th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2003-08-07
Target Clayton Homes
Sector Construction
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Clayton Homes

Maryville, Tennessee, United States
website
Clayton Homes location in Ridgeway, Virginia.
Clayton Homes location in Ridgeway, Virginia.
Clayton Homes, Inc. provides manufactured and modular homes, apartments, commercial buildings, military barracks, and college dormitories to people all across the US. Clayton Homes was formed in 1934 and is based in Maryville, Tennessee.

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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 35 of 69
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 28 of 47
State (Tennessee) 1 of 1
Country (United States) 35 of 64
Year (2003) 2 of 2
Size (of disclosed) 16 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-02 McLane Company

Temple, Texas, United States

McLane Company, Inc., is a supply chain services, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores and chain restaurants throughout the United States.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-15 Safeco Life & Investments Business

Redmond,, Washington, United States

Safeco Business Insurance, focuses mainly on group insurance, individual life insurance, structured settlements, retirement services and mutual funds.

Buy $1.4B
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