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Berkshire Hathaway to buy largest US truck stop operator

Wed, Oct 04 2017, 12:07 PM

Warren Buffett’s Berkshire Hathaway on Tuesday bought a 38.6% stake in Pilot Travel Centers, the largest US truck-stop operator, and will become the majority owner in six years. Pilot Travel is the 15th-largest private company in the US, with annual sales of about $19.6 billion. This was Berkshire Hathaway’s first significant investment/acquisition since August 2015.