Markel Corp. (NYSE: MKL) acquired a majority stake in Cottrell Inc., a Gainesville, Georgia-based manufacturer of car hauling equipment.

Terms of the transaction were not disclosed. Glen Allen, Virgina-based Markel facilitated the deal through subsidiary Markel Ventures Inc., which makes strategic investments in sectors outside of the parent company's core business — insurance.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.