Skip to content
Subscriber Only

Buffett's ‘World-Leading’ Deputy Abel Delivers With Oncor Deal

  • Abel seeks energy unit expansion with $9 billion takeover plan
  • Buffett finds it hard to imagine better-run operation than BHE
Video player cover image

Berkshire After Buffett

Updated on

If there’s one thing Warren Buffett likes as much as making an acquisition, it’s having a deputy land a deal for his Berkshire Hathaway Inc. and put some of his company’s huge cash pile to work.

In recent years, Berkshire’s McLane trucking unit expanded into wine-and-spirits distribution, and the Marmon manufacturing unit pursued takeovers in Europe. Just Thursday, the Clayton Homes subsidiary, known for making factory-built houses, announced the largest acquisition in its push into on-site homebuilding.