Buffett’s Berkadia venture weighs acquisitions
Berkadia Commercial Mortgage LLC, the lender and servicer backed by Warren Buffett’s Berkshire Hathaway Inc., is considering mergers and acquisitions. “Berkadia is looking to grow, and one of the components of the strategy is M&A, potentially,” Kelly Davis, a spokeswoman for Berkadia, said in a July 29 interview. She declined to comment further. Horsham, Pennsylvania-based Berkadia last week announced the hiring of a chief financial officer with duties including “an important role” in M&A. Berkshire and Leucadia National Corp. bought the business that became Berkadia from bankrupt Capmark Financial Group Inc. in 2009.