WebAug 18, 2024 · TRAVERSE CITY — Specialty auto insurer Hagerty Group LLC will combine with special purpose acquisition company Aldel Financial Inc. in a $3 billion deal that would make Hagerty a publicly traded company once the merger closes.. Hagerty insures more than 2 million classic and enthusiast vehicles globally. The company has … WebMar 9, 2024 · Radwood, the celebration of all things ’80s and ’90s, has been acquired by Hagerty. Radwood joins a growing Hagerty event umbrella as other recent additions include landmark events like Concours d’Lemons, The Amelia and the California Mille. “Gen X-ers and millennials are drawn to the cars and culture of their childhood, and they ...
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WebDec 8, 2024 · “When you go public this way, you’re not often actually selling much of the business,” said Hagerty. “The original founding family will still own more than 50 percent of the company. I ... WebAug 18, 2024 · Hagerty going public. By David S. Wallens. Aug 18, 2024 Hagerty, Adel Financial. The Hagerty name, once a family insurance agency that eventually moved from boats to specialty cars to a lifestyle … gold plating idiom
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WebAccording to CFO Fred Turcotte, the hope is that going public will yield “no change in the way that we approach our business.” The Hagerty family will maintain majority ownership of the business, the company will stay based in Traverse City, and the focus on saving driving and car culture will remain Hagerty’s true north. WebAug 18, 2024 · Speciality automotive insurance provider Hagerty is going public through a special-purpose acquisition deal that would give it an enterprise value of $3.13bn, the companies said. The combination with Aldel Financial could bring up to $820m of gross proceeds to the combined business, including the contribution of up to $116m of cash … Web1 day ago · And they're not just going to nearby countries like Mexico. ... Michael Hagerty is the senior producer for Houston Matters. He's spent more than 20 years in public radio and television and dabbled ... gold plating glass