Berkshire will be acquiring Van Tuyl Group for undisclosed terms. This dealership is the largest privately owned auto dealership company and the fifth overall largest auto dealership company in the U.S.

The company, which will be renamed Berkshire Hathaway Automotive will operate 78 dealerships and more than 100 franchises in 10 states. Buffett noted that the strategy with this acquisition will include pursuing additional dealerships to acquire.

Buffett noted, “I fully expect we’ll buy a lot more dealerships over time.”

“We will hear, I predict, from hundreds of dealerships in the next year,” he added.

The deal is expected to close in the first quarter of 2015 and is subject to approvals from the major auto manufacturers and other regulatory conditions.

While Berkshire’s BRK-A may be out of reach for many investors at over $200,000 per share, the company also offers its Class B share (BRK-B) at just over $135. For investors seeking other options, funds including ETFs and mutual funds can be a great alternative.

Below are the mutual funds with the largest stakes in Berkshire Hathaway.

This acquisition is just one of many that Berkshire has made. The company’s reputation has excited many investors and many have sought exposure to the company.

Be sure to check out Does Buffett Own It? to test your Berkshire acquisition knowledge.