M&A Deal Summary

Berkshire Hathaway Acquires Applied Underwriters

On May 22, 2006, Berkshire Hathaway acquired insurance company Applied Underwriters

Acquisition Highlights
  • This is Berkshire Hathaway’s 7th transaction in the Insurance sector.
  • This is Berkshire Hathaway’s 41st transaction in the United States.
  • This is Berkshire Hathaway’s 4th transaction in Nebraska.

M&A Deal Summary
Date 2006-05-22
Target Applied Underwriters
Sector Insurance
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target

Applied Underwriters

Omaha, Nebraska, United States
Applied Underwriters designs financial services and workers' compensation solutions to meet the real needs of small and mid-sized businesses nationwide. With insurance carriers rated 'A' by A.M. Best Company and as part of the Berkshire Hathaway family, we offer rock-solid workers' compensation coverage along with some of the hardest-working products and services available on the market today.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
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 41 of 69
Sector (Insurance) 7 of 8
Type (Add-on Acquisition) 32 of 47
State (Nebraska) 4 of 6
Country (United States) 41 of 64
Year (2006) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-19 Russell

Bowling Green, Kentucky, United States

Russell Corporation is a branded athletic and sporting goods company marketing athletic apparel, uniforms, footwear and equipment for a wide variety of sports, outdoor and fitness activities.

Buy $598M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 IMC International Metalworking Companies B.V.

Goudse Poort, Netherlands

IMC International Metalworking Companies provide a comprehensive range of tools for the full scope of metalworking applications. The group is dedicated to a philosophy of continuous improvement and innovation in all facets of its operations, including manufacturing, product development, distribution, sales, and administrative functions.

Buy $5.0B
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