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Markel Announces Investment In Metromont

PRIVATEDec 13, 2021

Round Type

Venture

Richmond

Description

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 Information

Company

Metromont

Location

Richmond, Virginia, United States

About

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.

Fundz sees it the moment Metromont raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Metromont's next move

See what Strategic adds

Metromont raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.