M&A Deal Summary

Berkshire Hathaway Acquires MidAmerican Energy Holdings

On October 25, 1999, Berkshire Hathaway acquired renewable energy company MidAmerican Energy Holdings for 9.0B USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Renewable Energy sector.
  • This is Berkshire Hathaway’s 10th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 19th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Iowa.

M&A Deal Summary
Date 1999-10-25
Target MidAmerican Energy Holdings
Sector Renewable Energy
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 9.0B USD
Advisor(s) Lehman Brothers, Inc.
Credit Suisse Investment Banking (Financial)

Target

MidAmerican Energy Holdings

Des Moines, Iowa, United States
MidAmerican Energy Holdings Company provides electric service to 2.2 million customers and natural gas service to 1.2 million customers worldwide. The Company manages and owns interests in approximately 8,300 net megawatts of diversified power generation facilities in operation, construction and development.

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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 19 of 69
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 16 of 47
State (Iowa) 1 of 1
Country (United States) 19 of 64
Year (1999) 2 of 2
Size (of disclosed) 10 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-11 Jordan s Furniture

East Taunton, Massachusetts, United States

Jordan's Furniture is truly one of the most phenomenal and unique companies. One of the most unique aspects of Jordan's Furniture is the incorporation of "shoppertainment' within the stores.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-18 Ben Bridge Jeweler

Seattle, Washington, United States

Ben Bridge Jeweler invites you into the wonderful world of fine jewelry and the special memories that a gift of jewelry creates. Whether it's an engagement, an anniversary or just to say "I love you" - fine jewelry is a special way of communicating your inner feelings.

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Mergr

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