Markel backs Maryland-based dredging manufacturer

Markel Corp., a specialty insurer based in Richmond, Va., is making an investment in Baltimore, Md., company that manufactures dredging equipment domestically and internationally.

Courtesy: Ellicott Dredges, LLCThe Markel Ventures subsidiary acquired the majority interest in Ellicott Dredge Enterprises, a privately held company. Terms of the transaction were not disclosed.

Markel Ventures owns and manages the affiliated investment activities of Markel Corp.

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