Hagerty closes acquisition of remaining 60.26% of Broad Arrow Group, making it wholly owned

Hagerty, Inc.

Closed on August 16, 2022; Broad Arrow becomes wholly-owned subsidiary of Hagerty's OpCo.
Prior 39.74% stake was purchased for $15.25M in January 2022; now 100% owned.
Parties plan to build Hagerty Marketplace digital platform for collector vehicle transactions.
Contributors received equity interests in OpCo and Hagerty in exchange for Broad Arrow shares.
Deal originally disclosed via Contribution Agreement dated August 9, 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.