Warren Buffett-Owned WC Insurer Sold to its Founder
Omaha, NE (WorkersCompensation.com) – In a deal worth $920 million, the founder of Applied Underwriters has acquired the company, including the 81 percent of shares owned by Berkshire Hathaway. Steve Menzies was joined by the Quasha Group led by Quadrant Management for the buyout, according to a statement from AU
The move is considered unusual, since Berkshire owner Warren Buffett typically holds companies for the long periods, if not forever. However, AU was in competition with other ...
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