Wesco Financial Corporation

301 E Colorado Blvd Ste 300
Pasadena, CA, 91101-1921  United States
(626) 585-6700
Company Type: Corporation Independent

D&B Business Directory

Wesco Financial is sort of like Berkshire Hathaway Lite. Charlie Munger, Berkshire vice chairman and a confidante of Warren Buffett, leads Wesco. And like parent Berkshire Hathaway, the investment firm provides insurance and reinsurance; in Wesco's case, it does so through subsidiaries Wesco-Financial Insurance Company and Kansas Bankers Surety. Other prominent holdings include CORT Business Services and Precision Steel Warehouse, which has steel service centers in Chicago and Charlotte, North Carolina. It also holds shares in some of the same companies as Berkshire Hathaway, like Coca-Cola, Kraft, Procter & Gamble, and Wells Fargo. Warren Buffett personally owns 24% of the company.

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Wesco Financial Corporation

Corporation Independent
Address
301 E Colorado Blvd Ste 300
Pasadena ​, CA, 91101-1921
United States
Phone
(626) 585-6700
Company Description

Wesco Financial is sort of like Berkshire Hathaway Lite. Charlie Munger, Berkshire vice chairman and a confidante of Warren Buffett, leads Wesco. And like parent Berkshire Hathaway, the investment firm provides insurance and reinsurance; in Wesco's case, it does so through subsidiaries Wesco-Financial Insurance Company and Kansas Bankers Surety. Other prominent holdings include CORT Business Services and Precision Steel Warehouse, which has steel service centers in Chicago and Charlotte, North Carolina. It also holds shares in some of the same companies as Berkshire Hathaway, like Coca-Cola, Kraft, Procter & Gamble, and Wells Fargo. Warren Buffett personally owns 24% of the company.

Key Principal
Charles T Munger
Industry
Commercial & Industrial Equipment Rental & Leasing Rental & Leasing Equipment rental and leasing, nec Property and casualty insurance agent Scrap steel cutting See all industries
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Financial Statements

Revenue in USD

Annual Revenue
$747.00 million USD

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Company Snapshot

Essential information for a successful call

  •  EMPLOYEES (All Sites) 2,100
  •  REVENUE (MIL USD) 747
  • Incorporated 1959

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  • Charles T Munger
    President

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