Berkshire Hathaway acquired Applied Underwriters, Inc., a transaction completed in May 2006, structured as Acquisition of a privately held company and all its subsidiaries..
Applied Underwriters, Inc. operates in Insurance (workers' compensation), is based in United States (headquartered in San Francisco / Foster City, California; operations center in Omaha, Nebraska). Berkshire Hathaway agreed to acquire Applied Underwriters and all of its subsidiaries, including its North American Casualty insurance companies. Applied Underwriters is a privately held industry leader in integrated workers' compensation solutions, providing business insurance for small and medium-sized enterprises. It continued under its founding management, headquartered in San Francisco with its main operations center in Omaha, Nebraska.
Adds a proven, industry-leading workers' compensation insurer with a disciplined underwriting operation and growth potential.
Advisory firms were not disclosed for this transaction.