Add-on Acquisition • Retail

Berkshire Hathaway Acquires Star Furniture Co.

On June 24, 1997, Berkshire Hathaway acquired retailer Star Furniture Co.

Acquisition Context
  • This is Berkshire Hathaway’s 5th transaction in the Retail sector.
  • This is Berkshire Hathaway’s 14th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Texas.

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M&A Deal Summary

Date June 24, 1997
Target Star Furniture Co.
Sector Retail
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target Company

Star Furniture Co.

Houston, Texas, United States
Star Furniture which began as a furniture delivery service in the early 1900s.Star Furniture operates 10 stores.The regional chain sells bedroom, dining room, living room, and home office furniture, as well as clocks, home entertainment walls, rugs, and more. Brands include Bernhardt, Broyhill, Howard Miller, Natuzzi, Hooker, Kincaid, Serta, Tempur Sealy, and Thomasville, among others.
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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 14 of 70
Sector: Retail 5 of 9
Type: Add-on Acquisition 11 of 47
State: Texas 1 of 7
Country: United States 14 of 65
Year: 1997 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-16 FlightSafety International

Flushing, New York, United States

At FlightSafety, the world’s leading aviation training company, we work diligently to maintain and enhance our reputation for customer service and the industry’s best, most comprehensive safety training. We deliver more than a million hours of professional instruction each year, training more pilots than any other company and always to the highest standards.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-05 International Dairy Queen

Minneapolis, Minnesota, United States

Dairy Queen operators have been providing consumers with crave-satisfying treats and food since 1940..The founders of the Dairy Queen system were men and women who introduced a new kind of dessert treat and, in the process, developed the foundation of the franchising industry. The history of the DQ system is a story of a unique product that created an industry.

Buy $585M