On the Record · Markel
Markel acquisitions, on the record
The businesses Markel bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Independent Specialty Insurance CompanyWord for word“In June 2023, we sold Independent Specialty Insurance Company, a subsidiary within our program services operations, which resulted in a gain of $16.9 million.” 10-K for 2023 | divestiture | June 2023 | a gain of $16.9 million |
Velocity managing general agent operationsWord for word“primarily due to the disposition of our Velocity managing general agent operations in February 2022, which resulted in a gain of $107.3 million, and our Volante managing general agent operations in October 2022, which resulted in a gain of $118.5 million.” 10-K for 2023 | divestiture | February 2022 | a gain of $107.3 million |
Volante managing general agent operationsWord for word“primarily due to the disposition of our Velocity managing general agent operations in February 2022, which resulted in a gain of $107.3 million, and our Volante managing general agent operations in October 2022, which resulted in a gain of $118.5 million.” 10-K for 2023 | divestiture | October 2022 | a gain of $118.5 million |
Metromont LLCWord for word“In 2021, our Markel Ventures operations expanded through acquisitions of majority interests in Metromont LLC and Buckner HeavyLift Cranes.” 10-K for 2023 | acquisition | 2021 | — |
Buckner HeavyLift CranesWord for word“In 2021, our Markel Ventures operations expanded through acquisitions of majority interests in Metromont LLC and Buckner HeavyLift Cranes.” 10-K for 2023 | acquisition | 2021 | — |
Lansing Building Products, LLCWord for word“This follows the acquisition of Lansing Building Products, LLC in 2020 and VSC Fire & Security, Inc. in 2019.” 10-K for 2023 | acquisition | 2020 | — |
VSC Fire & Security, Inc.Word for word“This follows the acquisition of Lansing Building Products, LLC in 2020 and VSC Fire & Security, Inc. in 2019.” 10-K for 2023 | acquisition | 2019 | — |
Valor EnvironmentalWord for word“In June 2024, we acquired a majority interest in Valor Environmental, an environmental services company providing erosion control and related services to commercial development sites and homebuilders throughout the U.S.” 10-K for 2024 | agreed acquisition | June 2024 | — |
Educational Partners International (EPI)Word for word“In September 2024, we acquired a majority ownership interest in Educational Partners International (EPI), a company that sponsors international teachers for placements in schools in the U.S.” 10-K for 2024 | agreed acquisition | September 2024 | — |
renewal rights for business written by the Markel Insurance Global Reinsurance divisionWord for word“In August 2025, Markel Insurance sold the renewal rights for business written in its Global Reinsurance division, and the division entered into run-off.” 10-K for 2025 | divestiture | August 2025 | — |
Valor Environmental (Valor)Word for word“The increase in operating revenues in 2025 reflected organic growth and a full-year contribution from our June 2024 Valor Environmental (Valor) acquisition.” 10-K for 2025 | acquisition | June 2024 | — |
Education Partners International (EPI)Word for word“The increase in operating revenues in 2025 reflected the contribution from our acquisition of Education Partners International (EPI).” 10-K for 2025 | acquisition | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $7.5 million | — |
| 2017-12-31 | $1.43 billion | $626.7 million |
| 2018-12-31 | $1.18 billion | $548.1 million |
| 2019-12-31 | $245.3 million | $118.9 million |
| 2020-12-31 | $554.1 million | $287.1 million |
| 2021-12-31 | $517.4 million | $293.8 million |
| 2022-12-31 | $79 million | $41.9 million |
| 2023-12-31 | $3.6 million | — |
| 2024-12-31 | $207.8 million | $114.6 million |
| 2025-12-31 | $106.2 million | $113.8 million |
Deal filings since 2016
- 2023-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Markel’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.