Bennetts

Acquirer: Hagerty

Hagerty has agreed a £34 million deal to acquire Bennetts, a London-headquartered motorcycle insurance broker. Summary of transaction details: Value: £34 million Sector: Insurance Advisor: Not disclosed Key Entities: Hagerty, Bennetts Location: UK Note: This acquisition is expected to triple Hagerty’s UK revenue to about £25 million and bring a 15 per cent share of the British two-wheel insurance market, marking a significant expansion of Hagerty's presence in the UK insurance market.