Acquisition History / Hagerty, Inc. / Bennetts
Hagerty, Inc. Acquires Bennetts
Announced July 2, 2026 — $45.9M
What happened
Peterborough-headquartered Bennetts provides specialist motorcycle insurance to more than 200,000 UK customers, roughly 15% of the market. NYSE-listed Hagerty agreed to buy it from Lucida Group for £34M, which is expected to triple Hagerty's UK revenues; completion is subject to regulatory approval.
- Acquirer
- Hagerty, Inc.
- Target
- Bennetts
- Announced
- July 2, 2026
- Price
- $45.9M
- Industry
- Motorcycle insurance broking
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Hagerty, Inc. acquire Bennetts?
Hagerty, Inc. acquired Bennetts on July 2, 2026. This was Hagerty, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Hagerty, Inc. pay for Bennetts?
Hagerty, Inc. paid $45.9M for Bennetts.
What does Bennetts do?
Peterborough-headquartered Bennetts provides specialist motorcycle insurance to more than 200,000 UK customers, roughly 15% of the market. NYSE-listed Hagerty agreed to buy it from Lucida Group for £34M, which is expected to triple Hagerty's UK revenues; completion is subject to regulatory approval.
What other Motorcycle insurance broking companies has Hagerty, Inc. acquired?
Bennetts is Hagerty, Inc.'s only publicly tracked acquisition in Motorcycle insurance broking so far.