M&A Deal Summary

Hagerty Acquires Amelia Island Concours d Elegance

On July 8, 2021, Hagerty acquired media company Amelia Island Concours d Elegance

Acquisition Highlights
  • This is Hagerty’s 2nd transaction in the Media sector.
  • This is Hagerty’s 4th transaction in the United States.
  • This is Hagerty’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-07-08
Target Amelia Island Concours d Elegance
Sector Media
Buyer(s) Hagerty
Deal Type Add-on Acquisition
Advisor(s) Heritage Capital Group (Financial)

Target

Amelia Island Concours d Elegance

Jacksonville, Florida, United States
Amelia Island Concours d'Elegance is an operator of automotive events that draws more than 300 rare vehicles from collections around the world to The Golf Club of Amelia Island, The Ritz-Carlton, Amelia Island for a celebration of the automobile. Amelia Island Concours d'Elegance was founded in 1996 and is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Hagerty

Traverse City, Michigan, United States
Category Company
Founded 1983
Sector Insurance
Employees1,726
Revenue 1.0B USD (2023)
DESCRIPTION

Hagerty is a specialty insurance provider for classic vehicles of all kinds. Hagerty was established in 1983 and is based in Traverse City, Michigan.

DEAL STATS #
Overall 4 of 5
Sector (Media) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Greenwich Concours d’Elegance

Greenwich, Connecticut, United States

Greenwich Concours d’Elegance has a major presence at the nation's largest Concours events in Pebble Beach, California, and Amelia Island, Florida, as well as the annual auto auction week in Scottsdale, Arizona. Hagerty's Festival of the Unexceptional, a light-hearted Concours-style event celebrating cars that were the workhorses of their day, is an annual highlight of the summer car season in the United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Broad Arrow

Grosse Pointe, Michigan, United States

Broad Arrow is a provider of an automotive marketplace strategy, designed to provide consumers new trust-based platforms for buying, selling and financing collectible cars. Broad Arrow is based in Grosse Pointe, Michigan.

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