Hagerty to acquire Broad Arrow Group.

Hagerty, an American automotive lifestyle and membership company, agreed to acquire Broad Arrow Group, a collector car auction house. Financial terms were not disclosed. “In addition to being trusted experts in their field, the Broad Arrow Group team shares our ethos of excellence when it comes to customer experience, so we are a natural fit. We expect our additional investment in Broad Arrow to enhance our growth and profitability over time, as we intend to rapidly scale this part of our overall business,” McKeel Hagerty, Hagerty CEO.