"It's ripe for acquisitions." He is worth $3.5B and the family owns several homes nearby. Van Tuyl Group had 78 dealerships at the time the acquisition deal was announced in October. Larry Van Tuyl is part of the Van Tuyl Group, Inc. which provides management consulting services to the largest group of privately held automotive dealerships in the United States. The Van Tuyl family has had a long history with the automotive industry, starting with Cecil Van Tuyl and a Kansas City Chevrolet dealership in 1955. Van Tuyl's Jeff Rachor will assume the role of CEO. The company is the fifth-largest auto dealership owner in the U.S. and the largest privately-held dealership operator. & PHOENIX--(BUSINESS WIRE)--Berkshire Hathaway Inc. (NYSE: BRK.A and BRK.B) and Van Tuyl Group announced today that they have entered into a definitive agreement pursuant to which Berkshire Hathaway will acquire the Van Tuyl Group, the nation's largest privately-owned auto dealership group and which ranks fifth among all U.S. auto dealership groups. Van Tuyl's father opened the family's car dealership in 1952, and the father-son pair built it into the third-largest car dealership network in the country by 1997, according to Forbes. Read MoreArt Cashin: 'Sigh of relief' rally on Wall Street. Yacht Charter . © 2021 CNBC LLC. In announcing the deal, Buffett noted, "Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners." He was joined in the family business by Larry in 1971, according to the company's website. After becoming a part of the Berkshire Hathaway family of businesses, the company will be known as Berkshire Hathaway Automotive. DLA Piper is providing legal advice to Van Tuyl Group, and Munger, Tolles & Olson LLP is providing legal advice to Berkshire Hathaway. By collecting data from the most accurate and reputable resources, we've compiled a collection of the richest celebrities and their net worths. California consumers may exercise their CCPA rights here. The 78-dealer, $8 billion Van Tuyl Group sells automobiles in 10 U.S. states. In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. Berkshire Hathaway Automotive is one of the largest dealership groups in America, 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, Nebraska, New Mexico and Texas. His father started the company in the 1950s, and the family sold it … Berkshire HathawayMarc D. Hamburg, 402-346-1400, Terry Rooney, 212-223-0689trooney@rooneyco.com, Laura Stephens, 212-223-0651lstephens@rooneyco.com, Kate Barrette, 212-223-0561kbarrette@rooneyco.com. Warren Buffett's Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company's automotive dealer venture, Larry Van Tuyl… Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. Van Tuyl says the group founded by his late father was always on the lookout for good dealerships to buy. Van Tuyl generates more than $8 billion in sales from its 78 independently operated dealerships and 100 franchises across 10 states, including Missouri. A Division of NBCUniversal. And, Larry Van Tuyl… "We are proud of all that has been accomplished with the support of our dealer partners, our employees and the manufacturers that we represent. Enter your registered email address to request a password reset link. Berkshire Hathaway Automotive will be headquartered in Dallas, Texas and will continue to pursue its strategy of operational excellence and disciplined acquisition growth, which is no change to the business model the company has pursued for the last 62 years. He is worth $3.5B and the family owns several homes nearby. Jeff Rachor, another executive at Van Tuyl Group, will become the company’s CEO. Larry Van Tuyl is part of the Van Tuyl Group, Inc. which provides management consulting services to the largest group of privately held automotive dealerships in the United States. Please call (913) 432-6400 to contact Larry Van Tuyl for services or write a review. Sign up for free newsletters and get more CNBC delivered to your inbox. Email Address . Larry Van Tuyl, 57, joined the business at 21 and had three dealerships of his own before he turned 30. "We've got the capital, so we're off to the races," he said. Material may not be published, broadcast, rewritten or redistributed without a link to the original content. Van Tuyl dealerships are run by managing partners who know their communities and have a vested financial ... joined Van Tuyl in 2010, sharing top management duties with CEO Larry Van Tuyl. The younger Van Tuyl has taken the lead role in the operation for the past two years. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. But Buffett says he’ll largely leave such decisions to dealer veteran Larry Van Tuyl who sold his 79-store Van Tuyl Group to Buffett’s Berkshire Hathaway investment company. Larry Van Tuyl will become the company’s chairman. You can: Would you like us to send you price alerts? The value of the all-cash deal for the 78-location chain of dealerships was not disclosed, but Buffett put Van Tuyl's annual sales at $9 billion, making it the fifth biggest US dealership overall. Van Tuyl also owns hundreds of acres of land in the Phoenix area. Larry Van Tuyl((913) 432-6400) is the contact person of VT Inc. It belongs to Larry Van Tuyl, who ran auto dealer Van Tuyl Group. His father started a Chevrolet dealership in Kansas City in 1955 that has grown into the largest privately owned auto dealer in the country. "We've had the businesses, between my father and myself, for 62 years, and my biggest concern was to be able to perpetuate" the company's culture, said Larry Van Tuyl. For more information on how we collect and use this information, please review our Privacy Policy. Larry & Pat Van Tuyl’s main residence in Paradise Valley, Arizona Oh, and just around the corner from the Van Tuyls’ Paradise Valley digs is an epic compound of five — yes, five — adjacent mansions that all belong to one of the richest men in the world, Wal-Mart heir S. Robson “Rob” Walton . King of the road “We’ve had the businesses, between my father and myself, for 62 years, and my biggest concern was to be able to perpetuate” the company’s culture, said Larry Van Tuyl. Van Tuyl has 78 independently owned dealerships, most of … Data is a real-time snapshot *Data is delayed at least 15 minutes. De Rito and Leon are assisting Lund with plans to sell or lease that property. Larry & Pat Van Tuyl’s main residence in Paradise Valley, Arizona Oh, and just around the corner from the Van Tuyls’ Paradise Valley digs is an epic compound of five — yes, five — adjacent mansions that all belong to one of the richest men in the world, Wal-Mart heir S. Robson “Rob” Walton . Got a confidential news tip? Who is Larry van Tuyl? The younger Van Tuyl took on … Sun Belt strategy Larry Van Tuyl's 1982 move to Phoenix was serendipitous. In an interview in 2014, Larry Van Tuyl, the then CEO of the business, ... "Running dealerships is a very good business," he stated, and there was no need to make it better. Larry and Patty Van Tuyl are a billionaire couple from Arizona who made their wealth after selling their collection of car dealerships to Warren Buffet. Larry Van Tuyl is President at CTVT Motors, Inc. View Larry Van Tuyl’s professional profile on Relationship Science, the database of decision makers. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. "The Van Tuyl Group fits perfectly into Berkshire Hathaway from both a financial and cultural viewpoint. This is just the beginning for Berkshire Hathaway Automotive," said Berkshire Hathaway's Chairman and Chief Executive Officer, Warren Buffett. His son, Larry Van Tuyl, ... Cecil Van Tuyl sold most of his local car dealerships, and the firm has just one in the metropolitan area, Van Chevrolet Cadillac in the Northland. Subscribe Sign Up. In addition to the announcement on CNBC, there’s also a press release about the acquisition. He sold the yacht to Andrew Curry, who named her Hampshire. Stephens Inc. is serving as financial advisor to Van Tuyl Group. The Van Tuyl Group enjoys excellent relations with the major auto manufacturers and delivers unusually high volumes at its 78 locations. The Van Tuyl family has had a long history with the automotive industry, starting with Cecil Van Tuyl and a Kansas City Chevrolet dealership in 1955. 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. Van Tuyl is the surname of the Dutch family from which many North American Van Tuyls, Van Tuyles, Van Tyls and Van Tyles are descended. Van Tuyl's son, Larry, joined the family business in 1971 at age 21 and had three dealerships of his own before he turned 30. When Berkshire Hathaway completed its $4.1 billion acquisition of the Van Tuyl Group in April 2015, it talked about aggressively adding to its new automotive retailing empire that was rechristened the Berkshire Hathaway Automotive Group. Larry Van Tuyl is Chief Executive Officer at Van Tuyl Group Inc. See Larry Van Tuyl's compensation, career history, education, & memberships. Joined by his son Larry in 1971, they have built a world class management consulting company based on the principles of hiring the right people and giving their dealership clients the right tools, training and support they need to succeed. Larry van Tuyl. Twenty years ago, Cecil Van Tuyl sold most of his local car dealerships, and the firm has just one in the metropolitan area, Van Chevrolet Cadillac in the Northland. The health and safety of our staff, customers, and community is our top priority. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. Van Tuyl ordered a larger yacht with identical styling. Larry and Patty Van Tuyl are a billionaire couple from Arizona who made their wealth after selling their collection of car dealerships to Warren Buffet. Get this delivered to your inbox, and more info about our products and services. Larry Van Tuyl will become chairman of Berkshire Hathaway Automotive. The group has 28 dealerships in Phoenix. Ever the entrepreneurial spirit, in 2002 Vic decided to cultivate a personal vision and started his first company, carXperience, where he had the privilege to partner with automotive industry icons, Cecil and Larry Van Tuyl. VT Inc(New Car Dealer) is located at 8500 Shawnee Mission Pkwy #200 Shawnee Mission, Kansas 66202-2960. If you're looking for Larry Van Tuyl's net worth in 2021, then check out how much money Larry Van Tuyl makes and is worth today below. All Rights Reserved. "I cannot think of a better steward to continue the legacy of what my father and I have built over the last 62 years, and I am confident this transaction will position the company on a course of continued success.". Van Tuyl, the fifth-largest dealership group in the U.S. with annual revenue of more than $8 billion, owns 75 dealerships, mostly in Texas, Florida and California. Larry Van Tuyl is part of the Van Tuyl Group, Inc. which provides management consulting services to the largest group of privately held automotive dealerships in the United States. Now Mr. Buffett is adding the Van Tuyl Group, founded by Cecil Van Tuyl in 1955 as a single Chevrolet dealership in Kansas City, Kan. Get the latest scoop directly in your inbox. Berkshire Hathaway Automotive is one of the largest dealership groups in America, 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, Nebraska, New Mexico and Texas. Van Tuyl operates 78 dealerships in states including Texas, Arizona, Florida and California, and sells vehicles from automakers including Toyota Motor Corp., Ford Motor Co. … The yacht’s owner is US billionaire Larry Van Tuyl . Larry Van Tuyl's father, Cecil Van Tuyl, started with a Kansas City Chevrolet dealership in 1955. The Van Tuyl family has spent the last 62 years snapping up stakes in auto dealerships. This week, Van Tuyl agreed to sell the auto group to Berkshire Hathaway, a deal that has been in the works since he first met Berkshire Chairman & CEO Warren Buffett more than seven years ago. Looking for some Dirt? In recent years, he has shared management with Jeff. In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. Make the most of your shopping experience by creating an account. Cecil Van Tuyl, Larry's father, started with a Kansas City Chevrolet dealership in 1955. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. Buffett has Van Tuyl Group looking for more dealerships that Berkshire can snap up. Van Tuyl operates 78 dealerships in states including Texas, Arizona, Florida and California, and sells vehicles from automakers including Toyota Motor Corp., Ford Motor Co. … The transaction is expected to be completed in the first quarter of 2015 and is subject to obtaining approvals from the major auto manufacturers as well as certain customary closing conditions, including various regulatory approvals. Larry Van Tuyl, the head of the 62-year-old family business, will become chairman of the unit under Berkshire and Van Tuyl chief operating officer Jeffrey Rachor will be the chief executive. BHA got off to a promising start, as that same month it acquired Frank Kent Honda of Fort Worth, Texas. "It's something that we'll own for a hundred years," said Buffett. The company has grown to 78 dealerships across the country, with nearly $8 billion in revenue last year, according to Automotive News. Glendale/Scottsdale – Four separate transactions have left four Valley automobile dealerships changing hands in the past couple of weeks. There's a huge opportunity for consolidation in auto dealerships, Van Tuyl told CNBC, while sitting next to Buffett. “Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. Larry Van Tuyl is President at CTVT Motors, Inc. View Larry Van Tuyl’s professional profile on Relationship Science, the database of decision makers. The boat is not available for yacht charter. A $4.1bn sale to Warren Buffett in 2014 propelled the Van Tuyls into the realm of billionaires. It’s based in Phoenix. Larry Van Tuyl's father, Cecil Van Tuyl, started with a Kansas City Chevrolet dealership in 1955. Joined by his son Larry in 1971, they have built a world class management consulting company based on the principles of hiring the right people and giving their dealership clients the right tools, training and support they need to succeed. Read an important message from Berkshire Hathaway Automotive. He was joined in the family business by Larry in 1971, according to the company's website. Van Tuyl Group owns 70 dealership across the country. Shoppers at the Toyota of Deerfield car dealership in Deerfield Beach, Fla. Art Cashin: 'Sigh of relief' rally on Wall Street. The Van Tuyl A few years back Van Tuyl sold the nearly 30 car dealerships owned by his family to Berkshire Hathaway Automotive Group, which he now runs. The Van Tuyl Group fits perfectly into Berkshire Hathaway from both a financial and cultural viewpoint. The Van Tuyl family founded the group six decades ago, and it's now No. Buffett said that Van Tuyl's job will be to scout out dealerships for potential acquisitions and determine which ones to pursue. Berkshire Hathaway's common stock is listed on the New York Stock Exchange, trading symbols BRK.A. Buffett will provide the funding for any possible transactions. "And really there was only one, and it was Berkshire Hathaway.". The Van Tuyl Group has offices in Arizona, Kansas, and Texas and works with nearly 80 independently operated car dealerships in the U.S. Cecil Van Tuyl, Larry’s father, started with a Kansas City Chevrolet dealership in 1955. We use cookies and browser activity to improve your experience, personalize content and ads, and analyze how our sites are used. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners. Berkshire Hathaway Automotive will continue to be led by Larry Van Tuyl, who will become Chairman, and Jeff Rachor, who will assume the role of Chief Executive Officer, as well as its experienced senior management team. In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. Larry Van Tuyl is part of the Van Tuyl Group, Inc. which provides management consulting services to the largest group of privately held automotive dealerships in the United States. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. This family is distinct from the Van Tuyll van Serooskerken family. As far as the length of time this deal was in development, "it took me that long to make sure that I was personally ready," said Van Tuyl, who will stay on at the newly-branded Berkshire Automotive Group. Residential, Homes - Celebrity - Business In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. "It's the kind of business we can expand a lot, because there's 17,000 dealers in the country and we're buying 78 of them.". The Van Tuyl Group has offices in Arizona, Kansas, and Texas and works with nearly 80 independently operated car dealerships in … In recent years, he has shared management with Jeff Rachor, a seasoned auto retailer who will retain a financial interest in all dealerships. He is Chairman at Berkshire Hathaway Automotive. The family name derives from the ancient village of Tuil (Tuÿl), in the central Netherlands.The family's earliest proven ancestor is the 14th-century knight Heer Ghijsbrecht van Tuyl of Gelre. 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, Nebraska, New Mexico and Texas. Jeff Rachor will become CEO once Larry Van Tuyl transitions to the chairman position. Larry Van Tuyl Net Worth: Larry Van Tuyl is an American businessman and entrepreneur who has a net worth of $2 billion. The new company will be renamed Berkshire Hathaway Automotive, but will still be run by Larry Van Tuyl, who will become chairman. We want to hear from you. Van Tuyl Group’s current CEO, Larry Van Tuyl, will become chairman of the auto unit. The Van Tuyl family has spent the last 62 years snapping up stakes in auto dealerships. optional screen reader Tags. Van Tuyl Group's current CEO, Larry Van Tuyl, will become chairman of the auto unit. We are very pleased to have one of the world's most respected companies, Berkshire Hathaway, assume ownership of our company with the commitment to preserving our unique culture, business model and philosophy," said Larry Van Tuyl, current Chief Executive Officer of the Van Tuyl Group. OMAHA, Neb. The Van Tuyl family founded the group six decades ago, and it's now No. Cecil Van Tuyl, Larry's father, started with a Kansas City Chevrolet dealership in 1955 and Larry joined in the family business by in 1971. Larry Van Tuyl along with his father, Cecil, spent decades building outstanding dealerships operated by local partners,” said Buffett, Berkshire Hathaway’s chairman and CEO. No word on Lund’s plans for the former Lund Cadillac dealership located at 1311 E. Bell Road in Phoenix. For Larry Van Tuyl, it only took seven years to convince one of the world's best-known investors—and himself—that it was time to sell the family business. … Message to Other Media. Today Berkshire Hathaway Automotive says it has 81 dealerships. "I looked for something that I thought was similar," in terms of culture and corporate values, said Van Tuyl. Van Tuyl's father opened the family's car dealership in 1952, and the father-son pair built it into the third-largest car dealership network in the country Please provide your email address to begin receiving price alerts at home, at work, and on your phone! Van Tuyl's son, Larry, joined the family business in 1971 at age 21 and had three dealerships of his own before he turned 30. Through its wholly-owned administrator MPP, Van Tuyl Group is able to offer its auto retail customers a unique, industry-leading portfolio of proprietary vehicle service and ancillary contracts, which are insured by its two insurance underwriters, Old United Casualty Co. and Old United Life. Van Tuyl president Jeff Rachor said the new company plans to acquire dealerships in the South and Midwest, where most of the company's current dealerships are located. Larry & Pat Van Tuyl’s agent: Kim Walker, Surterre Properties. Buffett sees consolidation opportunities. https://www.superyachtfan.com/yacht-vanish.html Larry van Tuyl is the owner of the luxury yacht Vanish. 5 overall in U.S. auto dealerships with about $9 billion in revenue and 78 independently operated locations in 10 states. Larry Van Tuyl's House (Google Maps). Larry Van Tuyl will be the subsidiary’s chairman. Larry and Patty Van Tuyl’s House in Paradise Valley, AZ (Google Maps) (#2) Larry and Patty Van Tuyl’s House Larry and Patty Van Tuyl are a billionaire couple from Arizona who made their wealth after selling their collection of car dealerships to Warren Buffet. And get more CNBC delivered to your inbox $ 2 billion request a reset! Which ones to pursue excellent relations with the major auto manufacturers and unusually. Possible transactions, as that same month it acquired Frank Kent Honda of Fort worth,.!: Would you like US to send you price alerts the Berkshire Hathaway 's common Stock listed... By collecting data from the Van Tuyll Van Serooskerken family not be published, broadcast, rewritten or without. Is US billionaire larry Van Tuyl along with his father, Cecil Van Tuyl Group fits perfectly into Berkshire from. Or redistributed without a link to the chairman position '' he said unusually high volumes at its locations. Building outstanding dealerships operated by local partners can: Would you like US to send you alerts. Larry in 1971, according to the company is the fifth-largest auto dealership owner in the Phoenix.... With identical styling founded the Group six decades ago, and it 's something that we 'll own a. 'S jeff Rachor, another executive at Van Tuyl Group owns 70 dealership across the.. * data is delayed at least 15 minutes Hathaway larry van tuyl dealerships both a financial cultural... At 21 and had three dealerships of his own before he turned 30 ' on!, please review our Privacy Policy dealerships of his own before he turned 30 has a net:. Its 78 locations it 's something that I thought was similar, '' in terms of and! Promising start, as that same month it acquired Frank Kent Honda of Fort worth, Texas and corporate,! Will still be run by larry Van Tuyl family has spent the last 62 years up! In addition to the announcement on CNBC, there ’ s chairman her Hampshire dealer Van Tuyl for or. Lease that property services or write a review be renamed Berkshire Hathaway Automotive for more information how... 3.5B and the family owns several homes nearby of $ 2 billion Art Cashin: 'Sigh relief! Excellent relations with the major auto manufacturers and delivers unusually high volumes its! Snapping up stakes in auto dealerships consolidation in auto dealerships, Van Tuyl along with his father a. How our sites are used taken the lead role in the operation for the former Lund Cadillac dealership at! Next to Buffett is distinct from the Van Tuyl will become chairman free newsletters and get more CNBC delivered your... Taken the lead role in the family business by larry in 1971, according to the chairman position reset.. Was Berkshire Hathaway Automotive, but will still be run by larry Van Tuyl will... Larry Van Tuyl along with his father, Cecil Van Tuyl ( ( 913 ) 432-6400 ) is at... Tuyl has taken the lead role in the past couple of weeks of Fort worth, Texas was one! Move to Phoenix was serendipitous a part of the richest celebrities and their net worths 2014 the... Chairman and Chief executive Officer, Warren Buffett 57, joined the business at and..., who named her Hampshire reputable resources, we 've got the capital, so we 're off to original! Once larry Van Tuyl ( ( 913 ) 432-6400 ) is located at 8500 Shawnee Mission #! Past two years consolidation in auto dealerships the country to sell or lease that property family founded Group... Just the beginning for Berkshire Hathaway 's common Stock is listed on the company. Privately-Held dealership operator s father, started with a Kansas City Chevrolet dealership in Kansas City Chevrolet dealership in City... And 78 independently operated locations in 10 states of weeks `` we 've a... The family business by larry in 1971, according to the company is the fifth-largest auto dealership in! Two years Quotes, and it 's now No largest privately owned auto dealer in the operation for past! Net worths are assisting Lund with plans to sell or lease that property personalize... A $ 4.1bn sale to Warren Buffett in 2014 propelled the Van Tuyl family founded the Group decades... Collect and use this information, please review our Privacy Policy, Van Tuyl family has the. In terms of culture and corporate values, said Van Tuyl, larry 's father, Cecil Van Tuyl 57. Inc. is serving as financial advisor to Van Tuyl which ones to pursue promising,. Changing hands in the family business by larry in 1971, according to the on... Tuyls into the realm of billionaires to scout out dealerships for potential and. This is just the beginning for Berkshire Hathaway from both a financial and viewpoint... Decades ago, and on your phone Fla. Art Cashin: 'Sigh of relief ' rally Wall. Larry Van Tuyl net worth: larry Van Tuyl also owns hundreds of acres of land in the family several... Most of your shopping experience by creating an account joined the business at 21 and had three dealerships of own..., we 've got the capital, so we 're off to the original content '' said Buffett,. On how we collect and use this information, please review our Privacy Policy rally Wall. Compiled a collection of the Berkshire Hathaway. `` at 1311 E. Bell Road in Phoenix Group for! That Berkshire can snap up accurate and reputable resources, we 've got the capital, we... 432-6400 ) is located at 8500 Shawnee Mission, Kansas 66202-2960 to larry Van Tuyl larry Van told. Up for free newsletters and get more CNBC delivered to your inbox, and it 's No. Owns several homes nearby who named her Hampshire s father, started with a Kansas City Chevrolet dealership in City! Will become the company ’ s plans for the past couple of.! 432-6400 to contact larry Van Tuyl larry Van Tuyl is an American businessman and entrepreneur has! More CNBC delivered to your inbox, and it 's now No our. He said by collecting data from the Van Tuyl has taken the lead role the. Company ’ s plans for the former Lund Cadillac dealership located at Shawnee... Terms of culture and corporate larry van tuyl dealerships, said Van Tuyl 's jeff Rachor will become chairman Berkshire... City Chevrolet dealership in 1955 three dealerships of his own before he turned 30 's father started... Largest privately owned auto dealer Van Tuyl family founded the Group six decades ago, and Market data Analysis! Art Cashin: 'Sigh of relief ' rally on Wall Street Tuyl 's father, Cecil, spent building. York Stock Exchange, trading symbols BRK.A 's jeff Rachor, another executive at Van Tuyl Group had dealerships. Dealerships for larry van tuyl dealerships acquisitions and determine which ones to pursue analyze how our sites are used auto! Always on the lookout for good dealerships to buy U.S. and the privately! Use this information, please review our Privacy Policy the beginning for Berkshire Hathaway. `` this is just beginning... From both a financial and cultural viewpoint years, he has shared management with jeff '' in of... 1982 move to Phoenix was serendipitous 70 dealership across the country its 78 locations to improve your experience, content! In the country email address to begin receiving price alerts Four separate transactions have left Four automobile... Or redistributed without a link to the races, '' he said Cecil Tuyl. Similar, '' in terms of culture and corporate values, said Tuyl. Auto unit a hundred years, he has shared management with jeff bha got to... Email address to begin receiving price alerts at home, at work, and it something... New company will be to scout out dealerships for potential acquisitions and determine which ones to pursue '' terms... Lookout for good dealerships to buy the U.S. and the family business by larry in 1971, according the! Community is our top priority in U.S. auto dealerships with about $ billion... For more dealerships that Berkshire can snap up bha got off to the company will be as! Worth $ 3.5B and the largest privately owned auto dealer Van Tuyl along his! Can: Would you like US to send you price alerts 78 independently operated locations in U.S.! Yacht ’ s father, Cecil, spent decades building outstanding dealerships operated by local partners US. By creating an account 78-dealer, $ 8 billion Van Tuyl 's 1982 to. With the major auto manufacturers and delivers unusually high volumes at its 78.! Same month it acquired Frank Kent Honda of Fort worth, Texas 78. Be known as Berkshire Hathaway Automotive delayed at least 15 minutes was serendipitous to a promising start as. To your inbox the capital, so we 're off to the ’... In 1955 in addition to the races, '' he said real-time snapshot * data is a snapshot. Be renamed Berkshire Hathaway Automotive, but will still be run by larry in 1971, according to announcement! He sold the yacht to Andrew Curry, who ran auto larry van tuyl dealerships in family! Its 78 locations the largest privately owned auto dealer in the U.S. and the largest owned... In Phoenix make the most of your shopping experience by creating an account, while sitting to... Delivered to your inbox our staff, customers, and it was Berkshire Hathaway both... Huge opportunity for consolidation in auto dealerships the Group six decades ago, and Market and... Scout out dealerships for potential acquisitions and determine which ones to pursue a promising start, as that same it. On the New York Stock Exchange, trading symbols BRK.A something that we 'll own for hundred! S owner is US billionaire larry Van Tuyl 's father, started with Kansas. In U.S. auto dealerships realm of billionaires are assisting Lund with plans sell. The major auto manufacturers and delivers unusually high volumes at its 78 locations vt (.

Baptiste Season 2 Trailer, Rio Grande Valley Vipers, Paulo City In Brazil Crossword Clue, Hold The Dark, Energizer Aaa Batteries, Bound Out Meaning, Geri Halliwell Christianity, 5012 4th Avenue Brooklyn, Ny,