Berkshire Hathaway Acquires Remaining 20% of Pilot Travel Centers LLC

TravelCenters of America Acquires Two Virginia Travel Centers for $45M

April 4, 2022

Transportation

TravelCenters of America Inc. (TA) completed the acquisition of two Interstate 81 travel center locations — Petro Raphine and TA Lexington — for $45 million. The sites, franchised since 2011, are expected to generate approximately $9.0 million of site-level EBITDA in 2023, and Petro Raphine is undergoing renovations to expand retail space and add 170 truck parking spaces (bringing it to nearly 900 spaces).

Boyne Capital Acquires Pilot Power Group

May 7, 2020

Energy

Boyne Capital has partnered with management to acquire Pilot Power Group, a San Diego-based provider of electric utility billing and data management, energy portfolio management, and energy procurement services serving community choice aggregators and commercial & industrial customers in the Western U.S. Boyne intends to invest in Pilot's software suite and pursue organic growth and strategic M&A to expand the company's geographic footprint and product offerings.

Berkshire Partners Acquires Majority Stake in TowerNorth

October 5, 2023

Telecommunications

Berkshire Partners has made a majority growth investment in TowerNorth, a developer, owner and operator of wireless infrastructure assets across the United States and Europe. Founding investor Wincove Private Holdings re-invested in the transaction; financial terms were not disclosed.

The Kent Companies Acquires B&B Petroleum (15 Chevron Convenience Stores)

October 31, 2025

Retail

The Kent Companies, a family-owned convenience store and fuels operator based in Midland, Texas, has acquired B&B Petroleum, LLC — a Ponchatoula, Louisiana-based operator of 15 Chevron-branded convenience stores (including Subway and Red Bird Café locations). The acquisition expands Kent's Kent Kwik footprint into Louisiana as part of a five-year strategy to grow eastward across the Southeast.

Berkshire Hathaway Completes Acquisition of Alleghany Corporation

October 19, 2022

Insurance

Berkshire Hathaway Inc. completed its acquisition of Alleghany Corporation for $848.02 per share, representing an approximate total equity value of $11.6 billion. Alleghany became a wholly-owned subsidiary of Berkshire Hathaway and will continue to be led by Joe Brandon.

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.