With travel stop operator Pilot Travel Centers now 80% owned by Berkshire Hathaway, the conglomerate’s first earnings report since Berkshire took its ownership up to that level is providing a more complete look at Pilot’s finances.
Pilot had been privately owned but with a 38.6% interest held by Berkshire Hathaway, acquired in 2017. The sale of the additional shares bringing Berkshire up to 80% was finalized earlier this year, though it had been agreed upon previously. The founding Haslam family...