Add-on Acquisition • Construction

Berkshire Hathaway Acquires Clayton Homes

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

Acquisition Context
  • This is Berkshire Hathaway’s 1st transaction in the Construction sector.
  • This is Berkshire Hathaway’s 17th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 35th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Tennessee.

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M&A Deal Summary

Date August 7, 2003
Target Clayton Homes
Sector Construction
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target Company

Clayton Homes

Maryville, Tennessee, United States
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 Overview 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 Context for Buyer #
Overall 35 of 70
Sector: Construction 1 of 1
Type: Add-on Acquisition 28 of 47
State: Tennessee 1 of 1
Country: United States 35 of 65
Year: 2003 2 of 2
Size (of disclosed) 17 of 40
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