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Markel Group and Valor Environmental Announce Majority Investment in Valor
Markel Markel (US:MKL) Prnewswireยท2024-06-25 13:00

Group 1 - Markel Group Inc. has entered into a definitive agreement to acquire a majority interest in Valor Environmental, with the transaction expected to close in the second quarter of 2024 [1] - Valor Environmental provides erosion control and related services to commercial development sites and homebuilders across the United States, having grown to a team of over 700 people serving over 2,000 customers since its founding in 2003 [5] - The acquisition of Valor marks an expansion of Markel Group's efforts in diversifying its business portfolio, which now includes twenty businesses under the Markel Ventures initiative [3][6] Group 2 - Markel Group operates a diverse family of companies, including specialty insurance, which serves as the capital base for its various business ventures [2] - The leadership teams within Markel's businesses operate independently while adhering to the company's core values, known as the Markel Style [2] - The partnership with Valor is seen as a significant growth opportunity, allowing Valor to continue focusing on long-term decisions for its customers and employees [2]