M&A Deal Summary

Berkshire Hathaway Acquires MidAmerican Energy Holdings Co.

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

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Renewable Energy sector.
  • This is Berkshire Hathaway’s 11th 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 Co.
Sector Renewable Energy
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 9.0B USD
Advisor(s) Lehman Brothers
Credit Suisse Investment Banking (Financial)

Target

MidAmerican Energy Holdings Co.

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 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 19 of 70
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 47
State: Iowa M&A 1 of 1
Country: United States M&A 19 of 65
Year: 1999 M&A 2 of 2
Size (of disclosed) 11 of 40
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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