Pilot Corporation of America

Overview

Pilot Corporation of America is the holding company behind one of the largest truck stop networks in the United States. Its primary operating business is Pilot Travel Centers, a joint venture with Berkshire Hathaway’s energy arm. The company was historically led by the Haslam family, who built the network from a single gas station into a national chain of over 700 locations. The firm’s strategy centers on owning and operating travel center real estate, fuel distribution, and convenience retail. It generates cash flow through fuel sales, on-site dining, and truck services. The travel center portfolio spans all 50 states, with a focus on highway-adjacent properties. The company has been a partner to Berkshire Hathaway since 2017, when Berkshire acquired a minority stake; in 2023, Berkshire completed its acquisition of the remaining 80% of Pilot Travel Centers from the Haslam family, leaving Pilot Corporation of America as a separate entity. Pilot Corporation of America continues to hold interests in logistics and transportation infrastructure. No recent operational events have been publicly reported. The firm’s structural differentiator is its long-term ownership of a fragmented, infrastructure-heavy asset class — highway travel centers — and its ability to monetize that through the Berkshire Hathaway partnership, creating a capital-efficient model for deploying into real estate and fuel logistics.