 | |
| Company type | Subsidiary |
|---|---|
| Industry | Transportation equipment,Electrical and other industrial components,Food,Beverage &Water, andRetail services |
| Founded | 1953; 73 years ago (1953) inUnited States (as Colson Corporation) |
| Headquarters | 181 West Madison Street,, |
Key people | Angelo Pantaleo (CEO) |
| Owner | Berkshire Hathaway |
| Website | www |
Marmon Group is an American industrialholding company headquartered inChicago,Illinois. Founded byJay Pritzker andRobert Pritzker in 1953 (as Colson Corporation), it has been held by theBerkshire Hathaway group since 2013.
Marmon Group primarily focuses on the industrial space, including companies that produce transportation equipment, electrical components, other industrial components, as well as service-based companies providing services in the construction and retail sectors.
Tank car manufacturing is a significant part of its business, including products which are sold through its subsidiariesUnion Tank Car Company in the United States andProcor in Canada. Berkshire Hathaway acquired controlling interest in Marmon in 2007 and became sole owner in 2013.
In 1953,Jay Pritzker andRobert Pritzker acquired Colson Corporation, a struggling manufacturer of casters, bicycles, navy rockets, and wheelchairs with sales of $3 million.[1][2]
The name of the company was changed to Marmon Group in 1964, after the acquisition ofMarmon-Herrington.[3] Major acquisitions by Marmon Group have included Cerro Corporation (1976) andTransUnion (1981).[1][3]
In 2008, thePritzker family sold a 63.6 percent interest in Marmon Group toBerkshire Hathaway for $4.8 billion, with plans for Berkshire to acquire the remaining 36.4% over the course of the next 5–6 years; the sale of the remaining stake to Berkshire was completed by 2013.[4]
The following is a list of subsidiaries of the Marmon Group:[5]
| Board of directors | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Predecessors | |||||||||||||||
| Insurance |
| ||||||||||||||
| Railroad | |||||||||||||||
| BH Energy | |||||||||||||||
| Manufacturing |
| ||||||||||||||
| Service and Retailing Businesses |
| ||||||||||||||
| Major public company ownership positions |
| ||||||||||||||
| Related | |||||||||||||||
fr | |||||||||||||||
| International | |
|---|---|
| National | |
