Markel Ventures

Markel Ventures, Inc. is the private equity division of Markel Corporation, established in 2005 and located in Glen Allen, Virginia. The firm specializes in making mature investments, buyouts, industry consolidation, and growth capital transactions, focusing on companies outside the specialty insurance sector. Markel Ventures typically targets businesses with an EBITDA between $25 million and $100 million for platform acquisitions and lower EBITDA for add-ons, with an enterprise value ranging from $100 million to $1 billion. The firm aims for majority control, seeking at least an 80 percent stake in its portfolio companies. Financing is primarily through permanent capital, with minimal or no debt involved, allowing for long-term investments without plans for future exits. Markel Ventures operates a diverse portfolio of companies in sectors such as manufacturing, consumer products, business services, financial services, and healthcare, emphasizing independent operations while benefiting from the stability of the Markel Corporation.

Russell Brown

Senior Director - Business Development

Andrew Crowley

EVP

Thomas S. Gayner

Co-Chief Executive Officer

Glenn Harris

Managing Director - Distribution Strategies and Business Development

Michael R. Heaton

President and COO

Cam Le

Director - Business Development and Marketing

Jeremy Noble

Senior Vice President and Chief Financial Officer

Linda Schreiner

Senior Vice President, Strategic Management

Anne Waleski

Executive Vice President and Chief Financial Officer

Richard Whitt III

Co-Chief Executive Officer

29 past transactions

Nephila Capital

Acquisition in 2018
Nephila Capital Limited, founded in 1997 and based in Hamilton, Bermuda, is an investment manager that specializes in reinsurance risk. The firm offers a diverse array of investment products, primarily focusing on instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. By leveraging its expertise in the reinsurance market, Nephila provides investors with unique opportunities to gain exposure to risks associated with natural disasters and other insurance-related events.

Costa Farms

Acquisition in 2017
Costa Farms operates as a producer of ornamental plants. Founded in 1961 by Jose Costa, Costa Farms is a third-generation, family-owned business that stretches over 4,000 acres globally and employs nearly 5,000 people.

State National Companies

Acquisition in 2017
State National Companies specialty provider of property and casualty insurance operating in two niche markets across the United States. In its Lender Services segment, the company specializes in providing collateral protection insurance, which insures personal automobiles and other vehicles held as collateral for loans made by credit unions, banks and specialty finance companies. In its Program Services segment, the Company leverages its “A” (Excellent) A.M. Best rating, expansive licenses and reputation to provide access to the U.S. property and casualty insurance market in exchange for ceding fees.

Next Insurance

Series A in 2017
Next Insurance Inc. is an online insurance agency that specializes in providing affordable insurance products and services tailored to small businesses and entrepreneurs. Founded in 2015 and based in Palo Alto, California, the company offers a variety of insurance options, including general liability, professional liability, commercial auto, business insurance, and workers' compensation. Its services cater to a diverse range of sectors, including construction, fitness, beauty, therapy, and education. By leveraging technology, Next Insurance streamlines the insurance purchasing process, eliminating the need for agents and reducing costs for clients. The company is committed to transparency, with efficient claims investigation processes that often yield decisions within 48 hours.
Allsport Insurance Marketing Ltd, a managing general agent, provides insurance solutions to Canadians for sports, leisure, and recreation activities. It offers insurance solutions in the areas of sport liability, sport accident, travel medical, special events, user groups, and optional coverage. The company also provides risk management services, such as loss control programs; and waivers. It offers its solutions for sports associations; and recreation, family, and community celebrations for user groups and special events. The company was founded in 1987 and is based in Burnaby, Canada. Allsport Insurance Marketing Ltd operates as a subsidiary of Markel Canada Limited.

SureTec Financial Corp.

Acquisition in 2017
SureTec is one of the largest privately owned surety companies in the US. SureTec’s largest subsidiary, SureTec Insurance Company, is rated A (Excellent) by A.M. Best. In partnership with professional surety producers and independent agents, the company has offices in Atlanta, Austin, Dallas, Houston, San Antonio, San Diego, and Orange County, California. SureTec operates in 50 states and has one international affiliate.

CapTech

Acquisition in 2015
CapTech Ventures, Inc. operates as an information technology management consulting company. The company offers services in the areas of technology, customer experience, data and analytics, and transformation. It serves banking and financial service, energy and utility, retail and consumer goods, healthcare and life science, travel and hospitality, and government and public sectors in the United States. The company was founded in 1997 and is headquartered in Richmond, Virginia. It has office locations in Atlanta, Georgia; Baltimore, Maryland; Charlotte, North Carolina; Chicago, Illinois; Columbus, Ohio; Denver, Colorado; Orlando, Florida; Philadelphia, Pennsylvania; and Washington, District of Columbia.

Vanderpol

Acquisition in 2014
VANDERPOL Baking Systems wants to be recognised world wide as a professional and flexible organisation, building high quality waffle production lines against a compatible price. Getting the perfect waffle, is always a search between an excellent balanced waffle oven and high skilled food technology. You will find out that they will go the extra mile to ensure that your production process is running from start till end. Waffles are from origin made in the Netherlands and Belgium, that know how, built up for many years, is still in their hands.

Den Boer Baking Systems

Acquisition in 2014
Den Boer Baking Systems wants to be recognised world wide as a professional and flexible organisation, building high quality tunnel ovens against a compatible price. Next to a wide range of heating possibilities is service one of the biggest added value of Den Boer Baking Systems. 24 hours a day and 365 days a year, they are available for practical advice, training, practical solutions and on-site service. Den Boer Baking Systems, the result of 100 years oven-building experience combined with worldwide product know how.

Cottrell

Acquisition in 2014
Cottrell, Inc. is a manufacturer of over-the-road automobile transport and car hauler equipment, operating primarily in the United States and internationally, including markets in Mexico, Canada, South America, Australia, and South Africa. Founded in 1975 and based in Gainesville, Georgia, the company specializes in a range of products such as high sideframe trailers, low sideframe trailers, hi mount trailers, enclosed transporters, and aftermarket parts and accessories. Cottrell distributes its products through a network of dealers across various locations in the United States and Canada, and it also provides car hauler refurbishment services. The company is recognized for its commitment to quality and customer service, supported by a solid financial foundation and ongoing investments in product development.

Abbey Protection Plc

Acquisition in 2014
Abbey Protection Plc is supplies legal and tax professional services and insurance.

Eagle Construction

Acquisition in 2013
Eagle Construction is a homebuilder in central Virginia.

Alterra Capital Holdings

Acquisition in 2012
Alterra Capital Holdings is a Bermuda-based provider of reinsurance for both the life and annuity, including disability, and property and casualty insurance markets. They differentiate ourselves by offering structured reinsurance products in both markets and by targeting superior risk-adjusted returns from our diversified investment portfolio. To better manage their reinsurance liability exposure, allocate their investments and assess their overall risk, we model they underwriting and investments on an integrated basis. They believe that this strategy will allow us to generate a superior return on equity compared to others in their industry.

Reading Bakery Systems

Acquisition in 2012
Reading Bakery Systems, Inc. designs, manufactures, and distributes industrial systems for the production of bakery products. It offers mixing, dough handling and forming, auxiliary, baking, and drying equipment, as well as bread snack systems, biscuit systems, cracker systems, continuous mixing systems, potato snack systems, pretzel systems, and control systems. The company also offers parts, upgrades/retrofits, used equipment, and data logging measurement systems. Reading Bakery’s products are used for producing biscuits, crackers, pretzels, bread snack foods, cookies, and fabricated potato chips. The company serves baked snacks, sweet goods, pizza, tortillas, pet treats, and bread and bun industries, as well as snack food manufacturers worldwide. It was formerly known as Reading Pretzel Machinery Corp and changed its name to Reading Bakery Systems, Inc. in 1999. Reading Bakery Systems, Inc. was founded in 1947 and is based in Robesonia, Pennsylvania with warehouses and manufacturing plants in Robesonia, Pennsylvania; and Indianapolis, Indiana.

Havco

Acquisition in 2012
Havco Wood Products LLC manufactures oak hardwood flooring for trailers, truck bodies, and containers. It offers fusion floors and laminated oak floors, as well as water-based floor treatments for floors. Havco Wood Products LLC was founded in 1978 and is based in Scott City, Missouri with additional facilities in Cape Girardeau, Missouri; and Vonore, Tennessee.

Thompson Insurance Enterprises

Acquisition in 2011
Thompson Insurance Enterprises is a privately held Program Administrator underwriting multi-line, industry-focused insurance programs.

Weldship

Acquisition in 2011
Weldship manufactures, leases and sells high pressure tube trailers, certified ISO containers.

PartnerMD

Acquisition in 2011
PartnerMD, LLC is a concierge medical practice based in Richmond, Virginia, specializing in primary care and executive health services for both individual and corporate clients. Founded in 2003, the company operates multiple offices throughout Virginia, including locations in Richmond, McLean, and Midlothian. PartnerMD offers a membership-based model that ensures a lower doctor-patient ratio, fostering stronger relationships and allowing for more personalized care. Services include executive physicals, corporate wellness programs, health goals monitoring, and direct communication with healthcare providers. Additionally, the practice provides access to in-office nutritionists and exercise physiologists, as well as consolidated electronic medical records, enabling patients to manage their health effectively under expert supervision.

Diamond Healthcare

Acquisition in 2011
Diamond is focused on developing contemporary services that enhance the mental and physical well-being of communities.

RetailData

Acquisition in 2010
RetailData LLC is a provider of real-time retail market intelligence services, offering solutions such as competitive price shops, price scan verification, and retail compliance. The company also develops custom applications, including private label product linking and the RetailData Analytical Suite. Established in 1988 and headquartered in Richmond, Virginia, RetailData collects retail information through a network of professionals across the United States, Puerto Rico, and select Canadian provinces. Its services cater to a diverse range of sectors, including retail food and drug channels, grocery wholesalers, mass merchants, office and pet supply stores, club stores, and consumer electronics retailers.

Solbern

Acquisition in 2010
Solbern, LLC manufactures and supplies industrial food processing equipment to the food industry. It offers liquid fillers, solid fillers, briners, and dough folders; and pickle packers, automatic spear packers, spear cutters, slab slicers and fillers, and other equipment. The company also provides parts and services. It sells its products through its sales staff in the United States; and a network of sales agents internationally. Solbern, LLC is based in Fairfield, New Jersey.

Markel Eagle Partners

Acquisition in 2010
Markel Eagle Partners is a Virginia-based real estate asset manager established in 2009, specializing in distressed investments. With a combined 130 years of experience, the firm focuses on identifying solutions to real estate challenges through strategic capital application, execution, and risk mitigation. Unlike traditional approaches that merely aim to acquire distressed assets, Markel Eagle Partners prioritizes the development and enhancement of existing properties, leveraging both financial and operational expertise. The firm is committed to long-term real estate planning and professional execution. Its inaugural fund invests in ventures primarily located in the Mid-Atlantic region, including notable projects such as West Broad Village, an upscale commercial and residential community spanning 115 acres and valued at $300 million in Henrico, Virginia.

Ellicott Dredges

Acquisition in 2009
Weifang Leader co.,was established in 1986,Mainly for various size cutter suction dredgers production:we are the biggest manufacture in China.The Chinese dredge manufacture who has many branch offices in Asia,Russia,Mid-East,Africa countries etc; The world's first manufacturer of split-type cutter suction dredger, Leader Dredger insisted on designing the hull after understanding the construction environment (working conditions) to meet the minimum cost. Provide customers with the most suitable dredging equipment. Leader Dredger's design engineers and sales staff can go to your country (city) to face to faceintroduce you to LD brand's mature design experience and different sales concepts from other factories. Dredging equipment manufactures Leader Dredger is professional

Panel Specialists

Acquisition in 2009
Panel Specialists, Inc. designs and manufactures a diverse range of interior building products tailored for various markets, including wall panel systems, marine panels, custom medical casework, and residential life furniture. The company offers wall panel solutions featuring materials such as high pressure laminates, wood veneers, metal laminates, and resin surfaces, suitable for applications in reception areas, hallways, classrooms, and more. Additionally, Panel Specialists provides contract manufacturing services, which encompass lamination, cutting, edge profiling, drilling, assembly, and packaging. Established in 1990 and headquartered in Temple, Texas, the company employs a skilled workforce, including engineers and project managers, to meet the unique needs of its clients and deliver value-engineered solutions.

ParkLand Ventures

Acquisition in 2008
ParkLand Ventures, Inc. is engaged in the acquisition and operation of manufactured housing communities across the United States. Founded in 2008 and headquartered in Glen Allen, Virginia, the company has established properties in states including Texas, Oklahoma, Missouri, Michigan, New York, West Virginia, Maryland, Virginia, and North Carolina. In addition to managing these communities, ParkLand Ventures also markets and finances homes for its residents. The company is dedicated to providing exceptional housing value through attractive manufactured homes at various price points. ParkLand Ventures invests significant resources into enhancing its communities, aiming to create environments that appeal to residents and offer compelling value compared to other options in the market.

AMF Bakery Systems

Acquisition in 2005
AMF Bakery Systems is the world's leading manufacturer of high speed bakery equipment. They provide complete automated bakery solutions including dough mixing, dividing, make-up, proofing, baking, cooling, packaging, basket/case loading, and product distribution. Customers around the world rely on their expertise in the high speed bread, bun and soft roll baking market. They have diligently worked to produce solutions that represent industry leading quality, innovation and value. Headquartered in Richmond, Virginia, USA, AMF has developed a worldwide presence with offices and manufacturing facilities in the USA, Canada, Central/South America, Europe, the Middle East, Asia, and Australia/New Zealand. Through this global infrastructure of equipment supply, engineering expertise, and parts and service support, they develop and maintain automated bakery plants at a level that is unmatched in their market. They believe that success comes from an expert understanding of the complete bread, bun and soft roll baking process. Their commitment to complete solution excellence, backed by innovative technologies, is what makes us unique. It is what makes us AMF.

Terra Nova Holdings Ltd

Acquisition in 1999
Terra Nova Holdings Ltd provides insurance underwriting services for specialty property, casualty, marine, and aviation insurance.
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