M&A Deal Summary

Berkshire Hathaway Acquires International Dairy Queen

On January 5, 1998, Berkshire Hathaway acquired franchising company International Dairy Queen for 585M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Franchising sector.
  • This is Berkshire Hathaway’s 27th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 15th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Minnesota.

M&A Deal Summary
Date 1998-01-05
Target International Dairy Queen
Sector Franchising
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 585M USD

Target

International Dairy Queen

Minneapolis, Minnesota, United States
Dairy Queen operators have been providing consumers with crave-satisfying treats and food since 1940..The founders of the Dairy Queen system were men and women who introduced a new kind of dessert treat and, in the process, developed the foundation of the franchising industry. The history of the DQ system is a story of a unique product that created an industry.

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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 15 of 69
Sector (Franchising) 1 of 1
Type (Add-on Acquisition) 12 of 47
State (Minnesota) 1 of 1
Country (United States) 15 of 64
Year (1998) 1 of 3
Size (of disclosed) 27 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-24 Star Furniture

Houston, Texas, United States

Star Furniture which began as a furniture delivery service in the early 1900s.Star Furniture operates 10 stores.The regional chain sells bedroom, dining room, living room, and home office furniture, as well as clocks, home entertainment walls, rugs, and more. Brands include Bernhardt, Broyhill, Howard Miller, Natuzzi, Hooker, Kincaid, Serta, Tempur Sealy, and Thomasville, among others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-23 NetJets IP

Columbus, Ohio, United States

NetJets company provides total commitment to safety,Security and Reliability.From our strict maintenance and operational procedures to the advanced technology on our planes and our rigorous pilot-training program, we never compromise the safety of our Owners.

Buy $725M
Mergr

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