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Pilot Flying J

🚚 Overview

Pilot Flying J is the leading travel-center operator in North America. Berkshire Hathaway acquired a 38.6% partnership interest in the company in 2017.

👥 Leadership & Ownership

  • The Haslam Family: The founding family of Pilot Flying J.
  • Jimmy Haslam: CEO of Pilot Flying J at the time of Berkshire's initial investment.

📅 Timeline of Affiliation

2017: Initial Partnership

  • Berkshire acquired a 38.6% partnership interest in Pilot Flying J.
  • The deal included a contractual agreement for Berkshire to increase its ownership stake to 80% in 2023.
  • The Haslam family retained a 50.1% interest and the Maggelet family retained 11.3% until the 2023 transaction.
  • Source: 2017 Letter

📚 Historical Mentions & Citations (1)

Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.

📜
2017 LetterExcerpt Available
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We were able to make one sensible stand-alone purchase last year, a 38.6% partnership interest in Pilot Flying J (“PFJ”). With about $20 billion in annual volume, the company is far and away the nation’s leading travel-center operator.
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