Hagerty Acquires Bennetts Motorcycle Insurance for £34M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
- Acquisition Overview: Hagerty announced its agreement to acquire U.K. motorcycle insurance broker Bennetts from Lucida Group for £34 million ($43 million), with the deal expected to close in Q3 2026 pending regulatory approval, and it will be immediately accretive to earnings.
- Revenue Growth Expectations: The acquisition is projected to triple Hagerty's U.K. revenue to approximately £25 million while adding Bennetts' 15% share of the U.K. motorcycle insurance market, significantly enhancing the company's competitive position in the sector.
- Stock Price Reaction: Following the acquisition announcement, Hagerty's shares rose by 1.17%, indicating a positive market sentiment regarding the deal and investor confidence in the company's future growth prospects.
- Future Outlook: Hagerty reaffirmed its 2026 outlook, expecting written premium growth of 15%-16% and adjusted EBITDA in the range of $236 million to $247 million, demonstrating strong profitability amid the ongoing transition with Markel.
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Analyst Views on HGTY
Wall Street analysts forecast HGTY stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 12.060
Low
11.00
Averages
13.50
High
15.00
Current: 12.060
Low
11.00
Averages
13.50
High
15.00
About HGTY
Hagerty, Inc. is an automotive enthusiast brand and specialty vehicle insurance provider. It is engaged in providing insurance for collector cars and enthusiast vehicles, helping the automotive enthusiast community protect and enjoy their special cars. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies on behalf of its insurance carrier partners. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. The Company provides insurance for approximately 2.8 million collector cars and enthusiast vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hagerty Acquires Bennetts Motorcycle Insurance for £34M
- Acquisition Overview: Hagerty announced its agreement to acquire U.K. motorcycle insurance broker Bennetts from Lucida Group for £34 million ($43 million), with the deal expected to close in Q3 2026 pending regulatory approval, and it will be immediately accretive to earnings.
- Revenue Growth Expectations: The acquisition is projected to triple Hagerty's U.K. revenue to approximately £25 million while adding Bennetts' 15% share of the U.K. motorcycle insurance market, significantly enhancing the company's competitive position in the sector.
- Stock Price Reaction: Following the acquisition announcement, Hagerty's shares rose by 1.17%, indicating a positive market sentiment regarding the deal and investor confidence in the company's future growth prospects.
- Future Outlook: Hagerty reaffirmed its 2026 outlook, expecting written premium growth of 15%-16% and adjusted EBITDA in the range of $236 million to $247 million, demonstrating strong profitability amid the ongoing transition with Markel.
See More
Hagerty Acquires UK Motorcycle Insurance Broker Bennetts for £34 Million
- Acquisition Agreement: Hagerty has entered into a definitive agreement to acquire Bennetts, the UK's second-largest motorcycle insurance broker, for £34 million, with the transaction expected to close in Q3 2026, marking a significant step in Hagerty's international expansion.
- Market Share Enhancement: With a 15% share of the UK motorcycle insurance market, Bennetts' member-centric approach aligns with Hagerty's model, which is anticipated to bolster Hagerty's competitive position in the motorcycle insurance sector.
- Revenue Growth Expectations: The acquisition is projected to triple Hagerty's UK revenue to approximately £25 million and be financially accretive from day one, indicating strong market potential and synergy realization.
- Brand Integration Strategy: Hagerty aims to integrate Bennetts' community and brand strengths with its own insurance and auction platforms, creating a more comprehensive enthusiast platform that will further drive business growth in the UK market.
See More
Hagerty Acquires UK Motorcycle Broker Bennetts for £34 Million
- Acquisition Details: Hagerty has entered into a definitive agreement to acquire Bennetts, the UK's second-largest motorcycle insurance broker, for £34 million ($43 million), with the transaction expected to close in Q3 2026 and be immediately accretive to earnings.
- Market Share Increase: This acquisition will elevate Hagerty's market share in the UK motorcycle insurance sector to 15% and is projected to triple its UK revenue to approximately £25 million, significantly enhancing its competitive position.
- Brand Synergies: With 92% of Bennetts' clients being motorcycle enthusiasts, the risk profile closely aligns with Hagerty's car insurance portfolio, creating substantial cross-selling opportunities and strengthening market integration.
- Community Engagement: Bennetts boasts a 4.7/5.0 Trustpilot rating and 250,000 YouTube subscribers, reflecting strong community engagement among motorcycle enthusiasts, which Hagerty aims to leverage to expand its influence in the UK market.
See More
Broad Arrow Auctions to Host Paris Auction in 2027
- Paris Auction Announcement: Broad Arrow Auctions is set to host a new auction at The Peninsula Paris on February 3, 2027, coinciding with the prestigious Rétromobile event, promising to attract collectors globally and become a highlight of the classic car auction calendar.
- Preview Schedule: Public previews will take place from February 1-3, 2027, showcasing some of the world's most desirable collector cars, thereby enhancing Broad Arrow's visibility and influence in the international auction market.
- Strategic Partnership: The collaboration with The Peninsula Paris not only elevates the luxury experience of the auction but also complements Broad Arrow's performance in other significant auction events, further solidifying its position in the high-end market.
- Future Prospects: Broad Arrow is also inviting collectors to discuss consignments for other upcoming auctions in Europe, including the Zoute Concours Auction in 2026, demonstrating its ongoing expansion and influence in the global collector car market.
See More
Hagerty Wins Four 2026 Telly Awards for Automotive Storytelling
- Award Achievement: Hagerty earned four honors at the 2026 Telly Awards, bringing its total to 26, which underscores its leadership in automotive storytelling and excellence in video and television production.
- Content Impact: The award-winning shows hosted by renowned automotive journalist Jason Cammisa highlight the brand's significance in automotive culture, attracting millions of viewers and enhancing its unique relationship with car enthusiasts.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, while its Drivers Club boasts nearly a million members, establishing it as the largest car club globally and demonstrating the brand's extensive influence among automotive enthusiasts.
- Innovation Drive: By continuously delivering diverse media content and innovative insurance products, Hagerty maintains and grows loyalty among car enthusiasts, further enhancing its competitive edge in the market.
See More
Hagerty Wins Four Telly Awards, Showcasing Automotive Storytelling Excellence
- Award Achievement: Hagerty has won four Telly Awards in 2026, bringing its total to 26, which underscores its excellence in video and television, further solidifying its leadership in automotive content creation.
- Award-Winning Shows: The recognized programs include 'Revelations', 'ICONS', 'Cammisa Ultimate Drag Race Replay', and 'Ultimate Lap Battle', showcasing Hagerty's creative prowess while attracting a large audience through outstanding visual effects and cinematography.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, and the Hagerty Drivers Club has become the largest car club globally with nearly one million members, enhancing the brand's influence among automotive enthusiasts.
- Content Strategy: By continuously delivering high-quality automotive content, Hagerty reinforces its position as a trusted voice for 67 million American car enthusiasts, demonstrating its strategic importance in multi-platform content creation.
See More
Hagerty Acquires Bennetts Motorcycle Insurance for £34M
- Acquisition Overview: Hagerty announced its agreement to acquire U.K. motorcycle insurance broker Bennetts from Lucida Group for £34 million ($43 million), with the deal expected to close in Q3 2026 pending regulatory approval, and it will be immediately accretive to earnings.
- Revenue Growth Expectations: The acquisition is projected to triple Hagerty's U.K. revenue to approximately £25 million while adding Bennetts' 15% share of the U.K. motorcycle insurance market, significantly enhancing the company's competitive position in the sector.
- Stock Price Reaction: Following the acquisition announcement, Hagerty's shares rose by 1.17%, indicating a positive market sentiment regarding the deal and investor confidence in the company's future growth prospects.
- Future Outlook: Hagerty reaffirmed its 2026 outlook, expecting written premium growth of 15%-16% and adjusted EBITDA in the range of $236 million to $247 million, demonstrating strong profitability amid the ongoing transition with Markel.
See More
Hagerty Acquires UK Motorcycle Insurance Broker Bennetts for £34 Million
- Acquisition Agreement: Hagerty has entered into a definitive agreement to acquire Bennetts, the UK's second-largest motorcycle insurance broker, for £34 million, with the transaction expected to close in Q3 2026, marking a significant step in Hagerty's international expansion.
- Market Share Enhancement: With a 15% share of the UK motorcycle insurance market, Bennetts' member-centric approach aligns with Hagerty's model, which is anticipated to bolster Hagerty's competitive position in the motorcycle insurance sector.
- Revenue Growth Expectations: The acquisition is projected to triple Hagerty's UK revenue to approximately £25 million and be financially accretive from day one, indicating strong market potential and synergy realization.
- Brand Integration Strategy: Hagerty aims to integrate Bennetts' community and brand strengths with its own insurance and auction platforms, creating a more comprehensive enthusiast platform that will further drive business growth in the UK market.
See More
Hagerty Acquires UK Motorcycle Broker Bennetts for £34 Million
- Acquisition Details: Hagerty has entered into a definitive agreement to acquire Bennetts, the UK's second-largest motorcycle insurance broker, for £34 million ($43 million), with the transaction expected to close in Q3 2026 and be immediately accretive to earnings.
- Market Share Increase: This acquisition will elevate Hagerty's market share in the UK motorcycle insurance sector to 15% and is projected to triple its UK revenue to approximately £25 million, significantly enhancing its competitive position.
- Brand Synergies: With 92% of Bennetts' clients being motorcycle enthusiasts, the risk profile closely aligns with Hagerty's car insurance portfolio, creating substantial cross-selling opportunities and strengthening market integration.
- Community Engagement: Bennetts boasts a 4.7/5.0 Trustpilot rating and 250,000 YouTube subscribers, reflecting strong community engagement among motorcycle enthusiasts, which Hagerty aims to leverage to expand its influence in the UK market.
See More
Broad Arrow Auctions to Host Paris Auction in 2027
- Paris Auction Announcement: Broad Arrow Auctions is set to host a new auction at The Peninsula Paris on February 3, 2027, coinciding with the prestigious Rétromobile event, promising to attract collectors globally and become a highlight of the classic car auction calendar.
- Preview Schedule: Public previews will take place from February 1-3, 2027, showcasing some of the world's most desirable collector cars, thereby enhancing Broad Arrow's visibility and influence in the international auction market.
- Strategic Partnership: The collaboration with The Peninsula Paris not only elevates the luxury experience of the auction but also complements Broad Arrow's performance in other significant auction events, further solidifying its position in the high-end market.
- Future Prospects: Broad Arrow is also inviting collectors to discuss consignments for other upcoming auctions in Europe, including the Zoute Concours Auction in 2026, demonstrating its ongoing expansion and influence in the global collector car market.
See More
Hagerty Wins Four 2026 Telly Awards for Automotive Storytelling
- Award Achievement: Hagerty earned four honors at the 2026 Telly Awards, bringing its total to 26, which underscores its leadership in automotive storytelling and excellence in video and television production.
- Content Impact: The award-winning shows hosted by renowned automotive journalist Jason Cammisa highlight the brand's significance in automotive culture, attracting millions of viewers and enhancing its unique relationship with car enthusiasts.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, while its Drivers Club boasts nearly a million members, establishing it as the largest car club globally and demonstrating the brand's extensive influence among automotive enthusiasts.
- Innovation Drive: By continuously delivering diverse media content and innovative insurance products, Hagerty maintains and grows loyalty among car enthusiasts, further enhancing its competitive edge in the market.
See More
Hagerty Wins Four Telly Awards, Showcasing Automotive Storytelling Excellence
- Award Achievement: Hagerty has won four Telly Awards in 2026, bringing its total to 26, which underscores its excellence in video and television, further solidifying its leadership in automotive content creation.
- Award-Winning Shows: The recognized programs include 'Revelations', 'ICONS', 'Cammisa Ultimate Drag Race Replay', and 'Ultimate Lap Battle', showcasing Hagerty's creative prowess while attracting a large audience through outstanding visual effects and cinematography.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, and the Hagerty Drivers Club has become the largest car club globally with nearly one million members, enhancing the brand's influence among automotive enthusiasts.
- Content Strategy: By continuously delivering high-quality automotive content, Hagerty reinforces its position as a trusted voice for 67 million American car enthusiasts, demonstrating its strategic importance in multi-platform content creation.
See More
