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Investors should always conduct careful analysis themselves or consult with their investment advisors before acting in the financial market. Chat with us in Facebook Messenger. … The company currently provides energy service to more than 12 million electric and natural gas customers around the world. In its first deal since the economic downturn caused by coronavirus, Berkshire Hathaway is purchasing natural gas transmission and storage assets from Dominion Energy in … "This is tremendous news for West Virginians, Virginians, and North Carolinians who deserve clean air, safe water and protection from climate change," Gillian Giannetti, an attorney with the Natural Resources Defense Council, said in a statement. At Urbem, while we are by no means against any inorganic growth, it would undoubtedly raise our suspicions if management emphasizes the strategic value (or synergy) of a deal. The Next Big Berkshire Hathaway Acquisition Is Hiding in Plain Sight Look beyond the headlines and you'll find that this distressed utility has the hallmarks of … Find out what's happening in the world as it unfolds.Investors had been wondering whether the massive conglomerate owned by Warren Buffett would look to make new investments in light of the economic downturn, especially after the company For Dominion, the deal is one in a series of moves it has made as it transitions away from the gas transmission business to becoming a "pure-play" regulated clean energy utility company. In 1995, Helzberg's Jeff Comment was the kind of manager that Berkshire wanted to "own." Warren Buffett's Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy's natural gas transmission and storage business. Impasse on Jobless Aid "By contrast, other private equity firms often leverage the business up after the deal, take over control of management and put it up for sale after a few years, trying to take advantage of "greater fools. As Berkshire Hathaway () employs an acquisition-driven growth strategy, Mr. Buffett's acknowledgment of such a "defect" itself reduces the deal risk … All rights reserved. "Disclosure: The mention of any security in this article does not constitute an investment recommendation. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Large purchases (at least $50 million of before-tax earnings), Demonstrated consistent earning power (future projections are of no interest to us, nor are "turnaround" situations), The company acquires the business, keeps the management, lets them run the firm and has no exit strategy in place. All times are ET.

We own shares of Berkshire Hathaway.Not a Premium Member of GuruFocus? While we do believe that strategic significance can exist, it might be scarce and highly uncertain, leading to our lack of willingness to pay for it.We understand that certain businesses inevitably need to acquire others to grow. Mr. Buffett admitted, "Buying a retailer without good management is like buying the Eiffel Tower without an elevator. For example, Chemed (Thanks to its unique business model, Berkshire has another advantage for making acquisitions which is hard for peers to replicate - paying through its shares backed by a diversified pool of high-quality businesses. The company, which is headquartered in Richmond, Virginia, is one of the largest producers and transporters of energy in the nation, providing electricity or natural gas to 7 million customers in 20 states. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.

"The acquisition will grow Berkshire Hathaway's existing energy business, adding more than 7,700 miles of natural gas storage and transmission pipelines, and about 900 billion cubic feet of gas storage. Management retention builds up momentum and spirit at the acquired business.

"The pipeline had faced intense criticism and legal challenges from environmental and other groups.

Berkshire Hathaway inked the $10 billion acquisition of Dominion Energy's natural gas transmission and storage business in early July, adding to its … Factset: FactSet Research Systems Inc.2018. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.