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July 05, 2015 4:02 PM ET

Specialty Retail

Company Overview of Berkshire Hathaway Automotive

Company Overview

Berkshire Hathaway Automotive operates automotive dealerships and franchises in Arizona, California, Florida, Georgia, Illinois, Indiana, Missouri, Nebraska, New Mexico, and Texas. Its automotive inventory includes new, pre-owned, and certified pre-owned cars and trucks of various makes and models. The company, together with its subsidiaries, engages in property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and service businesses. It also provides a range of services and products, including Web services, digital marketing, and in-store process consultation; extended warranty services and other automotive protecti...

8333 Royal Ridge Parkway

Suite 130

Irving, TX 75063

United States

Founded in 1955

Phone:

972-536-2900

Fax:

972-536-2901

Key Executives for Berkshire Hathaway Automotive

Chief Executive Officer
Age: 53
Chairman of The Board and President
Compensation as of Fiscal Year 2015.

Berkshire Hathaway Automotive Key Developments

Berkshire Hathaway Continues To Look For New Acquisitions

Berkshire Hathaway Automotive told CNBC the group is largely looking at acquiring U.S. targets that are reasonably priced. “This is the beginning of a journey that will have no end,” Buffett said in a March press release. “Cecil and Larry [Van Tuyl] have given us the ideal platform with which to build an auto dealership business that will be thriving and growing 50 and 100 years from now. The fun has just started.” Turning to his involvement in other recent business moves, Buffett said the planned merger between H.J. Heinz and Kraft Foods would not necessarily be the end of his food acquisitions.

Berkshire Hathaway Automotive Appoints Larry Van Tuyl as Chairman of the Board

Berkshire Hathaway Automotive announced that Larry Van Tuyl will serve as Chairman of the Board. Jeffrey C. Rachor, formerly Van Tuyl Group's President, will be Chief Executive Officer of the enterprise. The cornerstone of the Van Tuyl business model is local entrepreneurial dealership managers with minority ownership stakes. Every Managing Partner has enthusiastically committed to stay on with Berkshire Hathaway Automotive and they will remain equity partners in their respective dealerships.

Berkshire Hathaway Automotive Mulls Acquisitions

Jeffrey C. Rachor, Chief Executive Officer of Berkshire Hathaway Automotive said, "The organization will continue to execute our simple strategy of operational excellence and sensible growth through acquisitions."

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