Markel Group Inc. (NYSE: MKL) and Valor Environmental publicized a definitive agreement for Markel Group to acquire a majority interest in Valor Environmental and its related operating companies. The transaction is subject to customary closing conditions and is expected to finalize in Q2 2024. Valor Environmental, founded in 2003, specializes in erosion control and related services across the U.S., serving over 2,000 customers with a team exceeding 700 personnel. This acquisition marks another significant step in Markel Group’s long-term strategy to diversify its portfolio through Markel Ventures, which now encompasses 20 businesses. Both companies’ leadership expressed enthusiasm for the partnership, emphasizing the benefits for customers and employees while highlighting future growth opportunities.

Environmental Services, Private Equity, Insurance,United States