Markel to acquire a majority interest in Valor

Markel and Valor Environmental have entered into a definitive agreement for Markel to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024. Additional terms were not disclosed.

Valor is an environmental services company, providing erosion control and related services to commercial development sites and homebuilders throughout the United States. The Valor story began in 2003 when its founder purchased a street sweeper on a second mortgage to service homebuilding sites. Since then, Valor has grown to a team of over 700 people serving over 2,000 customers.

Markel Group’s expansion into new industries began nearly two decades ago. With the addition of Valor, that effort, known as Markel Ventures, has grown to include twenty businesses.

“We are thrilled to partner with Markel Group. This permanent home enables Valor to continue making the best long-term decisions for our customers and employees. Our relentless focus on local customer service has gotten us here, and we are energized for the significant growth opportunities in front of us.” – Kirk Foster, Valor’s President.

“When land is developed, Mother Nature has a way of moving dirt, water, and everything that comes with it to places we don’t want it to go. Luckily, our partners at Valor work every day to help their customers avoid unnecessary environmental impact and costly project delays. Valor takes our Ventures family to twenty companies in nearly twenty years – a point in our journey worth celebrating.” – Tom Gayner, CEO, Markel Group.