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From jitney buses to street sweepers - Markel adds new line of business

Posted on AllSides June 25th, 2024
From The Right

The Fortune 500 insurer Markel Group that got its start covering jitney buses is moving into a new line, acquiring a majority stake in firm that got its start when its founder took out a second mortgage to buy a street sweeper. Glen Allen-based Markel’s acquisition of a majority stake in Florida-based Valor Environmental brings it income from a firm that provides erosion control, stormwater management and similar services to developers and homebuilders in 20 major markets. Valor employs more than 700 people and has more than 2,000 customers. Markel...

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