On the Record · Berkshire Hathaway
Berkshire Hathaway acquisitions, on the record
The businesses Berkshire Hathaway bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Alleghany CorporationWord for word“On October 19, 2022 , Berkshire acquired all of the outstanding common stock of Alleghany Corporation (“Alleghany”) for approximately $ 11.5 billion, which includes the value of certain Alleghany equity awards, pursuant to a definitive agreement and plan of merger dated as of March 20, 2022 .” 10-K for 2022 | acquisition | October 19, 2022 | approximately $ 11.5 billion |
additional 41.4% interest in PilotWord for word“On January 31, 2023, we acquired an additional 41.4% interest in Pilot for approximately $8.2 billion, which was based on Pilot’s unaudited earnings in 2022 and its net debt as of December 31, 2022 and is subject to post-closing adjustments following the completion of the audit of Pilot’s 2022 consolidated financial statements.” 10-K for 2022 | acquisition | January 31, 2023 | approximately $8.2 billion |
Pilot Travel Centers, LLCWord for word“On January 31, 2023, we acquired an additional 41.4 % interest in Pilot Travel Centers, LLC (“PTC”) for approximately $ 8.2 billion.” 10-K for 2023 | acquisition | January 31, 2023 | approximately $ 8.2 billion |
Cove Point LNG, LPWord for word“On September 1, 2023 , a Berkshire Hathaway Energy (“BHE”) subsidiary acquired an additional 50 % limited partner interest in Cove Point LNG, LP (“Cove Point”) for $ 3.3 billion, which increased our economic interest from 25 % to 75 %.” 10-K for 2023 | acquisition | September 1, 2023 | $ 3.3 billion |
Pilot remaining noncontrolling interests (20%)Word for word“In January 2024, we acquired the remaining noncontrolling interests in Pilot for $ 2.6 billion, increasing our ownership of Pilot to 100 %.” 10-K for 2024 | acquisition | In January 2024 | $ 2.6 billion |
additional 50% limited partner interest in Cove Point LNG, LPWord for word“On September 1, 2023 , a BHE subsidiary acquired an additional 50 % limited partner interest in Cove Point LNG, LP (“Cove Point”) for $ 3.3 billion, which increased our economic interest from 25 % to 75 %.” 10-K for 2024 | acquisition | On September 1, 2023 | $ 3.3 billion |
Bell Laboratories, LLCWord for word“Berkshire acquired Bell Laboratories, LLC (“Bell Laboratories”) on July 31, 2025.” 10-K for 2025 | acquisition | July 31, 2025 | — |
OxyChem, Occidental Petroleum Corporation's chemicals businessWord for word“Consideration paid to Occidental on January 2 was approximately $ 9.5 billion, which is subject to adjustment pursuant to the terms of the agreement.” 10-K for 2025 | acquisition | — | approximately $ 9.5 billion |
Pilot Travel Centers LLC (41.4% interest)Word for word“On January 31, 2023, we acquired a 41.4 % interest in Pilot Travel Centers LLC (“Pilot”) for approximately $ 8.2 billion, increasing our ownership interest to 80 %.” 10-K for 2025 | acquisition | January 31, 2023 | approximately $ 8.2 billion |
Pilot Travel Centers LLC (remaining noncontrolling interests)Word for word“In January 2024, we acquired the remaining noncontrolling interests in Pilot for $ 2.6 billion, increasing our ownership of Pilot to 100 %.” 10-K for 2025 | acquisition | In January 2024 | $ 2.6 billion |
Cove Point LNG, LP (additional 50% limited partner interest)Word for word“In September 2023, a BHE subsidiary acquired an additional 50 % limited partner interest in Cove Point LNG, LP (“Cove Point”) for $ 3.3 billion, which increased our economic interest from 25 % to 75 %.” 10-K for 2025 | acquisition | In September 2023 | $ 3.3 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $31.4 billion | $17.65 billion |
| 2017-12-31 | $2.71 billion | $1.54 billion |
| 2018-12-31 | $3.28 billion | $376 million |
| 2019-12-31 | $1.68 billion | $890 million |
| 2020-12-31 | $2.53 billion | $1.76 billion |
| 2021-12-31 | $456 million | $353 million |
| 2022-12-31 | $10.59 billion | $4.66 billion |
| 2023-12-31 | $8.6 billion | $7.35 billion |
| 2024-12-31 | $396 million | $87 million |
| 2025-12-31 | $1.07 billion | $459 million |
Read from Berkshire Hathaway’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-03-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.