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

🔗 Links

• Entities: Berkshire Hathaway, Jimmy Haslam
• Concepts: Bolt-on Acquisitions
• Sources: 2017 Letter