M&A Deal Summary

Berkshire Hathaway Acquires XTRA

On September 20, 2001, Berkshire Hathaway acquired transportation company XTRA for 590M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 1st transaction in the Transportation sector.
  • This is Berkshire Hathaway’s 26th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 26th transaction in the United States.
  • This is Berkshire Hathaway’s 3rd transaction in Missouri.

M&A Deal Summary
Date 2001-09-20
Target XTRA
Sector Transportation
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition
Deal Value 590M USD
Advisor(s) Goldman Sachs (Financial)

Target

XTRA

St. Louis, Missouri, United States
XTRA Lease is a provider of over-the-road trailers for rent and lease in the U.S. With more than 50 locations, XTRA Lease offers a fleet of approximately 75,000 trailers for rent and lease, including dry vans, flatbeds, reefers, local cartage vans, storage trailers and specialty equipment.

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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 26 of 69
Sector (Transportation) 1 of 4
Type (Add-on Acquisition) 21 of 47
State (Missouri) 3 of 3
Country (United States) 26 of 64
Year (2001) 5 of 5
Size (of disclosed) 26 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-12 MiTek Industries

Chesterfield, Missouri, United States

MiTek, headquartered in Chesterfield, Missouri, is a supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-21 Shaw Industries Group

Dalton, Georgia, United States

Shaw Industries, Inc. is the manufacturer of tufted broadloom carpet.Shaw sells carpeting and rugs for residential and commercial applications throughout the United States and exports to most markets worldwide.

Buy $355M
Mergr

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