M&A Deal Summary

Berkshire Hathaway Acquires The Medical Protective Company

On July 1, 2005, Berkshire Hathaway acquired insurance company The Medical Protective Company from GE Insurance for 825M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 6th transaction in the Insurance sector.
  • This is Berkshire Hathaway’s 22nd largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 37th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2005-07-01
Target The Medical Protective Company
Sector Insurance
Buyer(s) Berkshire Hathaway
Sellers(s) GE Insurance
Deal Type Divestiture
Deal Value 825M USD

Target

The Medical Protective Company

Fort Wayne, Indiana, United States
The Medical Protective Company, Inc. (MedPro Group) is a primary medical professional liability coverage and risk solutions for primary healthcare providers.

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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 37 of 69
Sector (Insurance) 6 of 8
Type (Divestiture) 4 of 9
State (Indiana) 2 of 3
Country (United States) 37 of 64
Year (2005) 1 of 2
Size (of disclosed) 22 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-15 Safeco Life & Investments Business

Redmond,, Washington, United States

Safeco Business Insurance, focuses mainly on group insurance, individual life insurance, structured settlements, retirement services and mutual funds.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-20 Forest River

Elkhart, Indiana, United States

Forest River Inc. is a manufacturer of recreational vehicles, cargo trailers, utility trailers, pontoon boats, and buses. Forest River Inc. was formed in 1996 and is based in Elkhart, Indiana.

Buy -

Seller(S) 1

SELLER

GE Insurance

Richmond, Virginia, United States
Category Company
Founded 1932
Sector Insurance
DESCRIPTION

GE Insurance provides Insurance Products and Investment.GE Insurance provides reinsurance products for business and commercial companies.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
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