[ Login ]   [ Register ]

Markel walks out its latest buy

David Larter April 20, 2012 0

Markel has swept a flooring company into its fold.

Markel Ventures, the investment arm of the local insurance giant, announced Wednesday that it had acquired Missouri-based wood flooring company Havco WP.

Havco President Bruce Bader could not be reached by press time but said in a news release that Markel’s acquisition was “an important next step for Havco” and that the company would “have a permanent foundation upon which it can continue to be the premier provider of wood and composite flooring to the transportation industry.”

The acquisition was the latest in a string of grabs by Markel Ventures. Markel most recently acquired specialty insurance broker THOMCO in December.

Other Markel Ventures acquisitions last year included a tanker truck manufacturer in Pennsylvania, a baking-machine company in Georgia, locally-based concierge medical service PartnerMD and Diamond Healthcare. Its dredging subsidiary also made an acquisition in March.

Editor's Picks

Leave A Response »

Please use your real, full name (first and last) and a valid email address to foster a more civil discussion. Comments without first and last name may not be approved.

We encourage active participation in our online community, but we reserve the right to remove any off topic or inappropriate comments.