Ellicott Dredge Enterprises has announced that its parent company, Markel Corporation, has earned a position on the latest Fortune 500 list, at number 476, with over $5 billion of revenues.
This selection marks Markel’s first time ever on the list.
Markel Ventures, with over 7,000 employees and over $1 billion in revenues, earned over 70% of that revenue from manufacturing operations including Ellicott.
In its 30 years as a public company, Markel has posted outstanding financial returns with a growth rate in book value of 14% per annum, compounded, growing from $16 million to almost $8 billion. Current market value exceeds $13 billion.
Earnings over that same period have grown more than one hundred fold, from $5 million to almost $600 million.
New deliveries
Ellicott sells portable suction dredges through the following brands: Ellicott, IDRECO, Mud Cat, IMS, Liquid Waste Technology; and mechanical dredges though the Rohr brand.
Representative recent deliveries include a 26” 4000 HP (2983 kW) dredge to the government of Bangladesh and a 800 HP (600 kW) dredge to a South Pacific island.