Add-on Acquisition • Manufacturing

Berkshire Hathaway Acquires Precision Castparts

On August 10, 2015, Berkshire Hathaway acquired manufacturer Precision Castparts for 37.2B USD

Acquisition Context
  • This is Berkshire Hathaway’s 2nd transaction in the Manufacturing sector.
  • This is Berkshire Hathaway’s 2nd largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 62nd transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Oregon.

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M&A Deal Summary

Date August 10, 2015
Target Precision Castparts
Sector Manufacturing
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 37.2B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Cravath, Swaine & Moore
Stoel Rives (Legal)

Target Company

Precision Castparts

Portland, Oregon, United States
Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.
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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 66 of 70
Sector: Manufacturing 2 of 2
Type: Add-on Acquisition 45 of 47
State: Oregon 1 of 1
Country: United States 62 of 65
Year: 2015 3 of 3
Size (of disclosed) 2 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Axalta

Philadelphia, Pennsylvania, United States

Axalta is a global manufacturer, marketer and distributor of advanced coating systems primarily for the transportation industry. Axalta comprises four segments: refinish, OEM, industrial liquid and powder. Axalta operates manufacturing sites on six continents, serving customers in 120 countries directly and through 4,000 distributors. Axalta Coating Systems was incorporated in 1866 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Paytm

Noida, India

Paytm is a mobile value added service company through its mobile content, messaging, commerce services, and made-to-order network applications, it offers new revenue streams to telecom operators. Working closely with service providers and enterprises, the company offers customer lifecycle management and mobile marketing to enhance profitability. Paytm was founded in 2000 and is based in Noida, Uttar Pradesh.

Buy -