M&A Deal Summary

Berkshire Hathaway Acquires Russell

On April 19, 2006, Berkshire Hathaway acquired apparel/textiles company Russell for 598M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 5th transaction in the Apparel/Textiles sector.
  • This is Berkshire Hathaway’s 25th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 40th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2006-04-19
Target Russell
Sector Apparel/Textiles
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 598M USD
Advisor(s) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Russell

Bowling Green, Kentucky, United States
Russell Corporation is a branded athletic and sporting goods company marketing athletic apparel, uniforms, footwear and equipment for a wide variety of sports, outdoor and fitness activities.

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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 40 of 69
Sector (Apparel/Textiles) 5 of 8
Type (Add-on Acquisition) 31 of 47
State (Kentucky) 2 of 2
Country (United States) 40 of 64
Year (2006) 2 of 6
Size (of disclosed) 25 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Business Wire

San Francisco, California, United States

The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services,the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 Applied Underwriters

Omaha, Nebraska, United States

Applied Underwriters designs financial services and workers' compensation solutions to meet the real needs of small and mid-sized businesses nationwide. With insurance carriers rated 'A' by A.M. Best Company and as part of the Berkshire Hathaway family, we offer rock-solid workers' compensation coverage along with some of the hardest-working products and services available on the market today.

Buy -
Mergr

Product

Company

Legal