Investment Summary

Hagerty Invests In Broad Arrow

On January 1, 2022, Hagerty invested in business services company Broad Arrow

Investment Highlights
  • This is Hagerty’s 1st transaction in the Business Services sector.
  • This is Hagerty’s 5th transaction in the United States.
  • This is Hagerty’s 1st transaction in Michigan.

Investment Summary

Date 2022-01-01
Target Broad Arrow
Sector Business Services
Investor(s) Hagerty
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

Hagerty

Traverse City, Michigan, United States

Category Company
Founded 1983
Sector Insurance
Employees1,733
Revenue 1.2B USD (2024)
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 5 of 5
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 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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