Markel Corp.’s subsidiary Markel Ventures purchased a majority interest in WI Holdings, a Pennsylvania-based manufacturing firm. The companies made the announcement last week.
WI Holdings is a privately held company headquartered in Bethlehem, Pennsylvania, with a division in Gainesville, Texas. The company manufactures, leases and sells high pressure tube trailers, certified ISO containers and other gas and liquid containers to industrial gas manufacturers, independent distributors and specialty chemical companies.
Markel Ventures is a wholly-owned subsidiary of Markel, a global property/casualty insurance holding company headquartered in Richmond, Virginia.
Markel Ventures makes investments in businesses that operate outside of the specialty insurance marketplace. This investment unit aims to positively contribute to Markel’s long-term financial performance.
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