Buffett's Berkshire Hathaway Buys Stake in Pilot Flying J

Rosalie Winnik - 04 October 2017

Berkshire Hathaway Inc., owned by billionaire Warren Buffett, has bought a stake in Pilot Travel Centers LLC, owner of the Pilot Flying J truck stop chain.

Berkshire Hathaway agreed to acquire 38.6 percent of Pilot Flying J, a closely held company based in Knoxville, Tennessee, according to a statement Tuesday. The Haslam family will continue for now to hold the majority of Pilot Flying J, with Cleveland Browns owner Jimmy Haslam remaining as chief executive officer of the company.

Pilot Flying J is the largest operator of travel centers in North America with more than 750 locations in 43 states and six Canadian provinces, and has the largest network of Bulk DEF dispensers in North America.

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