Renowned Investor's Group bought 41.4% of Pilot Travel Centers on January 31 for approximately $8.2 billion. The transaction boosts Berkshire's ownership of the business to 80% since it originally bought a 38.6% stake in 2017.

Pilot is the largest operator of travel centers in North America with more than 650 locations.

Truck-Stop Group grew its revenue from $20 billion in 2017 to $45 billion in 2021, and now generates more than $1 billion in annual pre-tax earnings.

Pilot last year partnered with General Motors to set up a national network of 2,000 EV charging stations by 2026. It also intends to work with Volvo to develop a similar network for battery-powered trucks.