American Securities Capital Partners , a New York private equity firm...

American Securities Capital Partners, a New York private equity firm, agreed to sell its majority stake in CTB International to Berkshire Hathaway. Berkshire CEO Warren Buffett said his firm will pay $12.75 a share in cash to CTB shareholders; CTB, an equipment maker for poultry and grain industries, will become a subsidiary of Berkshire. Investors in the $120 million American Securities Fund I, which owned CTB, include the $674 million endowment of Middlebury College, Middlebury, Vt., and the $97 million endowment of Skidmore College, Saratoga Springs, N.Y.