Warren Buffett’s investment in Forest River two decades ago has proved to be a smart move for Berkshire Hathaway Inc., The Wall Street Journal reported Feb. 28.
And Forest River Founder Pete Liegl, who recently passed away, played an important role in that story, according to the news outlet.
Even though Buffett was not familiar with Liegl or the RV industry or Liegl when he was approached to acquire Forest River for $800 million, The Wall Street Journal said he was intrigued by the business and, after a short meeting with Liegl, Buffett made the deal a reality.
To read more, see The Wall Street Journal article here. Note: there is a paywall.
