How many dealerships does Van Tuyl own?
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Van Tuyl Group is the nation’s largest privately-owned auto dealership group and fifth among all U.S. auto dealership groups with over $8 billion in revenue and 78 independently operated dealerships with over 100 franchises in 10 states, including Arizona, California, Florida, Georgia, Illinois, Indiana, Missouri.
How much did Berkshire Hathaway pay for Van Tuyl?
Conservatively calculated, using an 80% ownership of the Van Tuyl Group-connected dealerships, FORBES estimates that Berkshire Hathaway will pay at least $2.3 billion for the Van Tuyl’s share in the dealerships that bears its name, making the Van Tuyl family billionaires.
Who owns Camelback Toyota?
Berkshire Hathaway Automotive
Camelback Toyota | Toyota Dealership Phoenix AZ | Berkshire Hathaway Automotive.
Who runs Berkshire Hathaway Automotive?
CEO Jeff Rachor
As part of the Berkshire Hathaway family of businesses, Berkshire Hathaway Automotive is led by CEO Jeff Rachor, as well as its experienced senior management team.
When did Berkshire Hathaway acquire Van Tuyl?
OMAHA, NE and Dallas, TX — March 10, 2015 — Berkshire Hathaway Inc. (NYSE:BRK. A and BRK.B) has completed its acquisition of the Van Tuyl Group, the largest privately held dealership group in the United States.
Who is Larry Van Tuyl?
Who is Larry Van Tuyl? Van Tuyl is Chairman at Berkshire Hathaway Automotive. Berkshire Hathaway Automotive is one of the largest dealership groups in America, with over US$ 9 billion in revenue and 81 independently operated dealerships with over 100 franchises in 10 US states.
When did Berkshire Hathaway buy Van Tuyl?
Who is Cecil Van Tuyl?
Businessman Cecil Van Tuyl, founder of the nation’s largest privately owned auto dealership group and in recent years, a powerful figure in Kansas City development, died Tuesday from lung cancer at age 85. Van Tuyl was born and raised on a small farm in La Cygne, Kan.
Who is the GM of Camelback Toyota?
John O’Malley
John O’Malley, the general manager of Camelback Toyota for over 20 years, is not only a proven leader at our dealership but is also an important pillar of the Phoenix community.
How old is Larry Van Tuyl?
Van Tuyl Group He passed away in 2012 at age 85. The Van Tuyl Group became the fifth-largest car dealership group in the U.S, with 78 dealerships selling 240,000 vehicles per year.
Does Berkshire own AutoNation?
Jackson welcomed Buffett to the industry and noted that Buffett’s pal, billionaire Bill Gates, already owns 15 percent of AutoNation. Buffett shared kudos for AutoNation and Jackson. “He’s a very smart man, and he’s built a great company,” Buffett told CNBC about Jackson. “And Bill’s made a lot of money out of it.”
Does Berkshire Hathaway own Toyota?
Berkshire Hathaway Automotive Inc. Billionaire Warren Buffett’s Berkshire Hathaway Automotive Inc. has purchased a controlling stake in North Park Toyota, its first dealership in the San Antonio area.
Who is the founder of Van Tuyl Group?
The company was originally known as the Van Tuyl Group. And was founded in 1948 by Cecil Van Tuyl. He passed away in 2012 at age 85. The Van Tuyl Group became the fifth-largest c ar dealership group in the U.S, with 78 dealerships selling 240,000 vehicles per year.
How many dealerships does Van Tuyl have?
The Van Tuyl Group became the fifth-largest c ar dealership group in the U.S, with 78 dealerships selling 240,000 vehicles per year. In 2015 the Van Tuyl family sold their company to Warren Buffet’s Berkshire Hathaway for US$ 4.1 billion.
How much is the Van Tuyl family worth?
The Van Tuyl family’s stake in auto dealer Van Tuyl Group is worth an estimated $2.3 billion at least, according to Forbes. Berkshire Hathaway is buying the group and changing the name to Berkshire Hathaway Automotive.
Is Van Tuyl owned by Warren Buffett?
In March 2015, the $9 billion (sales) Van Tuyl Group sold a controlling stake of the family business to Warren Buffett’s Berkshire Hathaway for $4.1 billion. Larry Van Tuyl remains chairman of what is now renamed Berkshire Hathaway Automotive.