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Markel Announces Investment In Metromont

Markel Announces Investment In Metromont

12/13/21, 4:30 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgrichmond
Markel Corporation (NYSE: MKL) and Metromont LLC announced today that they have entered into a definitive agreement for Markel to acquire a majority interest in Metromont. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021. Additional terms were not disclosed.

Company Info

Company
Metromont
Location
richmond, virginia, united states
Additional Info
In addition to the production of precast concrete, the company provides its clients with the complementary design and engineering, hauling, erection and field services to support their full construction needs. The company, based in Greenville, South Carolina has grown to employ more than 1,000 people across six manufacturing locations in four states including South Carolina, Virginia, Georgia, and Florida. Metromont started in 1925, when Captain J. Roy Pennell founded Pennell & Harley Construction Engineers. Operating as a third-generation family business, Metromont is one of the largest precast concrete manufacturers in the southeast and mid-Atlantic regions, serving general contractors in the construction of data centers, warehouses, multi-family residential structures, parking decks, and a variety of other commercial and industrial structures.