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.
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