SurvivorFinancial Services
What Happened to Hagerty?
Ticker: HGTYSPAC Year: 2021Merger: 2021
Return
+5.6%
Current Price
$10.56
Peak Price
$19.97
Trust Size
$2.1B
Summary
Hagerty is the leading specialty insurance provider for classic and collectible vehicles, also operating a membership community, media platform, and car valuation tools.
What Happened
Hagerty went public in December 2021 through a merger with Aldel Financial Inc at a $3.1 billion valuation. The company insures over 2 million vehicles and has built a lifestyle brand around car culture, including Hagerty Drivers Club membership, a media arm, and vehicle valuation data. As a public company, Hagerty has grown steadily and trades profitably.
Timeline
2021-03-25
S-1 Registration Filed
2021-11-10
Merger Proxy Filed (DEFM14A)