Hagerty Agrees to Acquire Bennetts to Become #2 Specialty Motorcycle Insurance Broker in the United Kingdom
Hagerty agreed to acquire Bennetts, the UK's #2 specialty motorcycle insurance broker, from Lucida Group for £34 million ($43 million USD). The transaction is expected to close in Q3 2026, immediately tripling Hagerty's UK revenue to approximately £25 million while being accretive from day one.
Key figures
- Deal Value Usd
- 43000000
- Deal value gbp
- 34000000
- Net promoter score
- 65
- Target market share uk
- 15%
- Uk revenue post acquisition
- £25 million
AI analysis
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