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M&A Deal Summary

Berkshire Hathaway Acquires Alleghany

On March 21, 2022, Berkshire Hathaway acquired insurance company Alleghany for 11.6B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 8th transaction in the Insurance sector.
  • This is Berkshire Hathaway’s 7th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 64th transaction in the United States.
  • This is Berkshire Hathaway’s 5th transaction in New York.

M&A Deal Summary
Date 2022-03-21
Target Alleghany
Sector Insurance
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 11.6B USD
Advisor(s) Goldman Sachs (Financial)
Willkie Farr & Gallagher (Legal)

Target

Alleghany

New York, New York, United States
Alleghany owns and manages operating subsidiaries and investments, anchored by a core position in property and casualty reinsurance and insurance. Alleghany's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a global reinsurer; RSUI Group, Inc., a national underwriter of property and liability specialty insurance coverages; and CapSpecialty, Inc., an underwriter of commercial property, casualty and surety insurance coverages. Alleghany's subsidiary Alleghany Capital Corporation engages in and oversees strategic investments and acquisitions. Alleghany Corporation was founded in 1929 and is based in New York City.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1839
Sector Diversified
Employees392,400
Revenue 424.2B USD (2024)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway is a diversified holding company. Its subsidiaries engage in a wide range of business activities including insurance, utilities, renewable energy, freight rail transportation, finance, manufacturing, retailing, and business services. Berkshire Hathaway was founded in 1839 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 69 of 70
Sector: Insurance M&A 8 of 8
Type: Add-on Acquisition M&A Deals 47 of 47
State: New York M&A 5 of 5
Country: United States M&A 64 of 65
Year: 2022 M&A 1 of 1
Size (of disclosed) 7 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 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 was founded in 2000 and is based in Noida, Uttar Pradesh.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-02 OxyChem

Houston, Texas, United States

OxyChem is a global manufacturer of commodity chemicals vital to quality of life, with applications in water treatment, pharmaceuticals, healthcare, and commercial and residential development.

Buy $9.7B
Mergr

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