In recent years, Pilot Co. began an ownership transition that will culminate in the company becoming majority owned by investment holding giant Berkshire Hathaway in 2023.Berkshire Hathaway bought a 38.6% stake in Pilot Flying J in October 2017 for $2.76 billion. While having little involvement in strategy at Pilot Co., according to company executives, Berkshire Hathaway will grow its ownership stake to 80% over the next two years.
In July 2020, as CEO and owner Jimmy Haslam looked to step away from the day-to-day oversight of the company, he announced that he would become chairman of the company as of Jan. 1, 2021, promoting Chief Strategy Officer Shameek Konar to CEO.
In March 2021, Pilot Co. revamped its app and loyalty program, myRewards Plus to provide professional drivers, motorists and RV travelers with ways to save money and time at every fuel stop in Pilot’s network.
In December, Pilot Co. acquired Southern Counties Oil Co. LP, dba SC Fuels. The company operated 47 proprietary cardlock locations and delivered branded and unbranded gasoline and other petroleum products, as well as offering fleet-card programs, to more than 11,000 customers in 10 states.
For benchmarking purposes, store counts are as of Jan. 1, 2022.
|No. of Stores:||644|
|Rank Last Year:||13|