Aldel Financial Completes Business Combination with Hagerty
December 6, 2021
Aldel Financial, a SPAC, completed its previously announced business combination with Hagerty, creating the public company Hagerty, Inc., which began trading on the NYSE under ticker HGTY on December 3, 2021. FG Financial Group disclosed beneficial ownership of Hagerty shares and warrants and highlighted Hagerty's integrated specialty automotive insurance, membership and media platform as a scalable, multi-revenue business.
- Buyers
- Aldel Financial, Inc., FG Financial Group, Inc.
- Targets
- Hagerty, Inc.
- Industry
- Insurance
- Location
- Michigan, United States
- Transaction Type
- Buyout
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