The papers just announced that Berkshire will be purchasing Van Tuyl Group, an auto dealer with more than 100 franchises. WSJ Coverage here
Mr. Van Tuyl’s father, Cecil Van Tuyl, began managing a Kansas City Chevrolet dealership in 1955. Father and son spent decades building the company into the largest group of privately held automotive dealerships in the country. It now has over $8 billion in revenue and 78 independently operated dealerships with over 100 franchises in 10 states, according to the statement.
It is likely this is another purchase similar to the family deals that Berkshire carried out, with Buffett securing the continual operating capability of a good owner operator.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.