M&A Deal Summary

Berkshire Hathaway Acquires Nebraska Furniture Mart

On January 1, 1983, Berkshire Hathaway acquired retailer Nebraska Furniture Mart for 60M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Retail sector.
  • This is Berkshire Hathaway’s 37th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 5th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in Nebraska.

M&A Deal Summary

Date 1983-01-01
Target Nebraska Furniture Mart
Sector Retail
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Nebraska Furniture Mart

Omaha, Nebraska, United States
Nebraska Furniture Mart, a high-volume Omaha discount retailer and the largest U.S. home furnishings store founded by a Russian immigrant, Rose Blumkin. The Blumkin family retained management and the remaining ownership of the store.

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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 5 of 70
Sector: Retail M&A 1 of 9
Type: Add-on Acquisition M&A Deals 3 of 47
State: Nebraska M&A 2 of 6
Country: United States M&A 5 of 65
Year: 1983 M&A 2 of 2
Size (of disclosed) 37 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1983-01-01 Wesco Financial

Pasadena, California, United States

Wesco engages in three principal businesses through its own direct or indirect subsidiaries, including the insurance business, the furniture rental business and the steel service center business. Wesco’s operations also include the management of commercial and residential real estate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1985-10-30 The Scott Fetzer Co.

Westlake, Ohio, United States

Scott Fetzer is a diversified manufacturer and marketer of high quality products for the home, family, and industry comprised of more than 20 businesses.

Buy $410M