Markel Ventures acquires majority stake in Havco

May 17, 2012

Markel Ventures, a wholly owned subsidiary of Markel Corp., has acquired a majority stake in Havco Wood Products, a provider of composite wood flooring for the trucking industry. Markel Corp. is a financial holding company.

“Our new partnership with Markel is an important next step for Havco, our customers, and our employees,” said Bruce Bader, president & CEO of Havco. “With their support, we will have a permanent foundation upon which we can continue to be the premier provider of wood and composite flooring to the transportation industry.”

Havco is set to formally introduce its Fusion Floor in the coming weeks, Bader said.

The structure of Havco will not change, with Jim Vangilder retaining his ownership position and continuing to serve on the board of directors, and Bruce Bader and the rest of the Havco management team continuing in their current roles in the company.

“Havco is a wonderful addition and a great fit for Markel Ventures,” said Thomas S. Gayner, president of Markel Ventures. “They have an outstanding management team and a long history of providing top quality, high durability flooring for tractor trailers. We have given them a home where they can continue to do so.”

Havco is headquartered in Cape Girardeau, MO.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...

Driving Growth: How to Manage More Freight

Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...

How to Maximize Fleet Management with Vehicle Bypass

Join us on February 18th to learn how truck weigh station bypass systems boost fleet performance and driver satisfaction.

Optimizing your fleet safety program using AI

Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.