Hagerty and Aldel Financial Announce Merger Agreement - 9 & 10 News - 9&10 News
Hagerty will become a publicly traded company
Hagerty Insurance out of Traverse City announced they will be merging with Aldel Financial Inc.
Aldel will be renamed Hagerty Inc. and will become publicly traded with it’s common stock under the ticker HGTY.
Hagerty is a leading specialty insurance provider for classic and enthusiast vehicles. They insure more than 2 million vehicles globally.
“Today’s announcement is an exciting step forward for Hagerty. We are thrilled to partner with Rob and the Aldel team, who bring extensive expertise and strategic relationships in the automotive, insurance and financial sectors that will be a key strategic advantage for Hagerty,” said McKeel Hagerty, CEO of Hagerty.