Bennetts

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.