The 23 Service and Retailing Companies owned by Berkshire Hathaway
The 23 Service and Retailing Companies owned by Berkshire Hathaway – Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in numerous diverse business activities. Historically, this company was founded by Oliver Chace in 1839 on Cumberland, Rhode Island, U.S. In the beginning era, this company engaged in the field of textile manufacturing company, but they suffered a general decline in their business.
Warren Buffet later took over this company and make this as a holding company that has numerous businesses. With the help of Charlie Munger as Vice Chairman of Berkshire, Warren Buffet has developed the Berkshire Hathaway as giant companies. Basically, until now, this company has miscellaneous companies from diverse sectors including insurance, rail transportation business, utility, energy generation and distribution businesses. Nowadays, Berkshires Hathaway is one of the biggest companies in the World with total assets around 958 billion US Dollars with Liabilities around 443 billion US Dollars as of 2021. Based on the business performance in Annual Report on 2021, Berkshire Hathaway can generate revenue around 276 billion US Dollars with net income around 90 billion US Dollars.
From all over the diverse business, Berkshire Hathaway has some service and retail companies. Based Berkshire Hathaway annual report in 2021, service and retail business can contribute revenue around 84,282 million US Dollars with recorded net earnings attributable to Berkshire Hathaway around 11,120 million US Dollars. Maybe some of us in the USA knows this companies. Berkshire Hathaway fully owned this company. Here are some of Berkshire Hathaway’s Service and Retailing Companies.
Brief Descriptions of List of Service and Retailing companies Owned by Berkshire Hathaway
1. Affordable Housing Partners, Inc
Affordable Housing Partners, Inc. is non-profit company that was founded in 1996. This organization has the goal to develop safe, good quality, affordable, well-maintained rental housing communities throughout the country. To date, this company has employed around 27 of people.
2. Ben Bridge Jeweler
Ben Bridge Jeweler is American jeweler retailer that sells many products including high-end Necklaces, Earrings, Bracelets, and Rings. Basically, this company has featured brands including Pandora, MIKIMOTO, Roberto Coin, Monica Rich Kosann, De Beers Forevermark, David Yurman. Historically, the Ben Bridge started in 1912 with the initiative of Samuel Silverman (Watchmaker) in Seattle, Washington. Furthermore, his son-in-law, namely Ben Bridge joined and bought his father-in-law’s business. Finally, he renames the store to Ben Bridge Jeweler. Since 2000, Berkshire Hathaway bought this company. To date, this company has employed around 696 of people.
3. Berkshire Hathaway Automotive
Berkshire Hathaway Automotive is the nation’s largest privately owned automotive dealership group. Historically, this company was founded by Cecil Van Tuyl that selling some used cars. Furthermore, Cecil Van Tuyl formed the used car dealership. In 2015, Berkshire Hathaway acquired Van Tuyl Group and later renamed it to Berkshire Hathaway Automotive. Until 2019, The Berkshire Hathaway Automotive has operated over 84 dealerships across the USA and has employed around 9,530 of people.
4. Borsheims
Borsheims is American Luxury jewelry store and still become one of Berkshire Hathaway’s Service and Retailing Companies. Historically, Lours Borsheims started the company in 1870. Basically, Borsheims sells Jewelry, Engagement + Wedding jewelry, watches, Home and Accessories Watches, Home + Accessories gift and acccessories. In 1989, the Berkshire Hathaway acquired the Borsheims. To date, Borsheims has employed around 136 of people.
5. Business Wire
Business Wire is media company that was founded in 1961 by Lorry I.Lokey. Operationally, this company has main office in San Francisco, California, USA. In March 2006, Berkshire Hathaway completed its acquisition. To Date, Business Wire has employed around 415 of people.
6. Charter Brokerage
Charter Brokerage is duty-drawback and customs brokerage services company in the United States and Canada. Historically, this company was founded in 1994. Furthermore, in 2014, Berkshire Hathaway buy charter Brokerage from private equity firm Arsenal Capital partners. To date, charter brokerage has employed around 172 of people.
7. CORT
CORT Furniture is furniture rental for home and office, event furnishings, destination services, apartment locating, touring. Historically, the business started in 1972 and has developed its furniture rental services with 2,000 dedicated of customers and employees. in 2000, Berkshire Hathaway Cort Furniture around $ 386 million. To date, Cort Furniture has employed with 1,966 of people branch office in more 35 states in USA.
8. Dairy Queen
Dairy Queen is American fast food chain restaurant company that has main office in Bloomington, Minnesota. Historically, John Fremont McCullough Alex McCullough, and Sherb Noble found the company on June 22, 1940. Along with business development, Dairy Queen has 4,455 outlets in USA and 6,800 outlets outside USA. They have employed around 493 of people Some of Dairy Queen brands are Blizzard, Dilly Bar, and Chicken Strip Basket. Furthermore, in 1998, Berkshire Hathaway bought international Dairy Queen (IDQ), the parent company of Dairy Queen with total acquisition around $ 585 million in Cash and Stock.
9. Detlev Louis
Detvel Louis is German-based motorcycle apparel and accessories retailer company that was founded in 1939. Basically, Develey Louis sell some products including Balaclavas/Neck Warmers, Base layer, Bike Leathers, Boots/Shoes/Socks, gloves, Goggles/Sunglasses, Helmets & Visors, Kidney Belts, Leisure Wear, Protectors & Airbags, Rainwear, and Textile Clothing. In 2015, Berkshire Hathaway bought the Detlev Louis Motorrad-Vertriebs GmbH with cost around 400 million euros ($456 million). As of 2022, this company has employed around 1,403 of people.
10. FlightSafety
FlightSafety International is the world’s premier professional aviation training company and supplier of flight simulators, visual systems and displays that was founded in 1951. Operationally, this company has main office in Columbus, Ohio. In 1996, Berkshire bought FlightSafety International with investment cost around $1.5 billion. As of 2022, Flightsafety has employed around 4,005 of people.
11. Helzberg Diamonds
Helzber Diamonds is American Jewelry retailer that has main office in North Kansas City, Missouri, USA. Historically, Morris Helzberg found the company in 1915. in 1996, The Berskhire Hathaway bought this company from Barnett Jr. As of 2022, Helzber Diamond has employed around 1,657 of people.
12. Jordan’s Furniture
Jordan’s Furniture is American furniture retailer company that has has main office in Taunton, Massachussetts, USA. Historically, Samuel Tatelman found the company in 1918. Operationally, this company still has main office in Taunton, Massachusetts, USA. In 1999, Berkshire Hathaway has completed the acquisition of Jordan’s Furniture with predicted cost around $200 to $300 million. As of 2022, Jordan’s furniture has employed around 1,040 of people.
13.McLane Company
McLane Company is American Supply Chain company that has main office in Temple, Texas, United States of America. Historically, this company was founded in 1894. Since 2003, McLane Company is the part of subsidiary companies of Berkshire Hathaway. this company bought Mclane from Walmart with cost 1.5 billion USD. As of 2022, McLane Company has employed around 26,204 of people.
14. Nebraska Furniture Mart
Nebraska Furniture Mart is home furnishing retail store company that was founded in 1937 by Rose Blumkin. Operationally, this company has main office in Omaha, Nebraska, USA. in 1983, Berkshire Hathaway has acquired Nebraska Furniture Mart with investment cost around $ 60 million. As of 2022, the Nebraska Furniture Mart has employed around 4,407 people.
15. NetJets
NetJets is Private jet company that has main office Columbus, Ohio, United States. Historically, this company was founded in 1964. Along with business development this company has some subsidiary companies, namely Executive Jet Management, Inc, NetJets Aviation, Inc, QS Partners, NetJets Europe, and QS Security Services. In 1998, Berkshire Hathaway acquired NetJets from Richard Santuili with investment cost around US$ 725 million. As of 2022, NetJets has employed around 6,616 of people.
16. Oriental Trading
Oriental Trading Company is direct merchant company that has main office in Omaha, Nebraska, USA. Operationally, Oriental trading sells some toys, home decor, bags, school supplies. Berkshire will pay approximately $500 million in investment transactions. As of 2022, Oriental trading has employed around 1,278 people.
17. Pampered Chef
Pampered Chef is multilevel marketing company that sells many kitchen tools, food products, and cookbooks. Historically, Doris Christopher found this company in 1980. Operationally, this company has main office in DuPage County, Illinois, United States. in 2002, Berkshire Hathaway bought Pampered Chef. As of 2022, Pampered Chef has employed around 348 of people.
18. R.C. Willey Home Furnishings
R.C. Willey Home Furnishings (RC Willey) is American home Furnishing company that has main office in Salt Lake City, Utah, United States. Historically, Rufus Call Willey started this company on 1932. In 1995, RC Willey Home Furnishings was acquired by Berkshire Hathaway. As of 2022, R.C Willey Home Furnishings has employed around 2,591 of people.
19. See’s Candies
See’s Candies is American Candy makers company that has main office in California, United States of America. Historically, Charles See started its business in 1921. Since 1972, See Candies became the subsidiary company of Berkshire Hathaway. The See family sold it to Berkshire Hathaway with $25 million. As of 2022, the see candies has employed around 2,546 of people.
20. Star Furniture
Star Furniture is American home furniture company that has main office in Houston, Texas, USA. Historically, this company was founded in 1912. In 1997, Berkshire Hathaway bought star furniture. As of 2022, Star Furniture has employed around 426 of people.
21. TTI, Inc
TTI is the distributor electronic components with diverse electronic products including capacitors, resistors, connectors, switches, relays, circuit protection, electromagnetics, discrete semiconductors, sensors, RF modules, and antennas. Historically, Paul Andrews started the business in 1971 . Mewnahile, In 2007, Berkshire Hathaway bought TTI, Inc. As of 2022, the TTI has employed around 8,043 of people.
22. WPLG, Inc
WPLG is A television station that has affiliated with ABC. Historically, this company was founded in 1957 and still has main office in Pembroke Park, Florida. As of 2022, WPLG has employed around 210 of people.
23. XTRA
XTRA Corporation is semi-trailer lessor in the U.S.A. this company still become one of leader in the truck-trailer rental industry. In 2001, Berkshire Hathaway has bought XTRA with investment cost around $590 million in cash. As of 2022, XTRA has employed around 375 people.
Overall, that’s Berkshire Hathaway’s Service and Retailing according to Berkshire Hathaway’s Annual Report in 2021. Hopefully this article can give some insight to you. Thank You
Bibliography of Berkshire Hathaway’s Service and Retailing Companies
Berkshire Hathaway. 2022. Annual Report 2021. Accessed via https://www.berkshirehathaway.com/reports.html on May 24th, 2024.