On the Record · Hagerty
Hagerty acquisitions, on the record
The businesses Hagerty bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Consolidated National Insurance Company ("CNIC")Word for word“On January 12, 2024, our subsidiary, Hagerty Insurance Holdings, Inc., agreed to acquire all of the issued and outstanding capital stock of Consolidated National Insurance Company ("CNIC") for approximately $ 18.4 million, subject to upward or downward adjustment in accordance with the terms of the agreement.” 10-K for 2023 | agreed acquisition | On January 12, 2024 | approximately $ 18.4 million |
Broad ArrowWord for word“In 2022, Hagerty purchased Broad Arrow and its consolidated subsidiaries in an all-stock transaction.” 10-K for 2023 | acquisition | In 2022 | — |
Aldel Financial Inc. ("Aldel")Word for word“Business Combination On December 2, 2021, The Hagerty Group, LLC completed a business combination with Aldel Financial Inc. ("Aldel"), and Aldel Merger Sub LLC ("Merger Sub"), a Delaware limited liability company and wholly owned subsidiary of Aldel (the "Business Combination").” 10-K for 2023 | acquisition | On December 2, 2021 | — |
Consolidated National Insurance Company (renamed Drivers Edge Insurance Company)Word for word“On September 1, 2024, the Company's subsidiary, Hagerty Insurance Holdings, Inc., acquired all of the issued and outstanding capital stock of Consolidated National Insurance Company, which was subsequently renamed Drivers Edge, for a purchase price of $ 19.3 million, including $ 0.9 million in direct and incremental transaction costs.” 10-K for 2024 | acquisition | September 1, 2024 | $ 19.3 million |
MSRWord for word“During the year ended December 31, 2024, we recognized a $0.1 million gain related to the sale of MSR.” 10-K for 2024 | divestiture | During the year ended December 31, 2024 | — |
Motorsport Reg (MSR)Word for word“This decrease was primarily attributable to the loss of registration fee revenue attributable to Motorsport Reg ("MSR"), which was sold in June 2024.” 10-K for 2025 | divestiture | June 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2020-12-31 | $8.9 million | $944,000 |
| 2021-12-31 | $14.6 million | $6.7 million |
| 2022-12-31 | $15.4 million | $103.6 million |
| 2023-12-31 | $8.7 million | $0 |
| 2024-12-31 | $25.1 million | — |
| 2025-12-31 | $1.6 million | — |
Deal filings since 2016
- 2026-09-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-08-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-01-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-08-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Hagerty’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.