Markel Ventures Acquires Eagle Companies

(RTTNews) - Markel Ventures, Inc., a subsidiary of Markel Corp. (MKL), said Friday that it has acquired Eagle Construction of VA, LLC and its affiliated entities.

Terms of the deal were not disclosed.

Founded in 1984 by Bryan Kornblau and Bud Ohly, Eagle primarily engages in the construction of single family residential homes in Virginia. Through its subsidiaries Eagle Realty, Eagle Commercial Construction and NAI Eagle, Eagle also provides residential realty, commercial construction and commercial realty services.

The deal marks the second investment Markel has made into Eagle's platform. Markel|Eagle Partners, a leading real estate asset manager in the region, is a joint venture formed between Markel and principals of Eagle in 2010.