Hagerty, a global automotive enthusiast brand and classic car insurer, recently announced plans to merge with SPAC, Aldel Financial. The deal, which is valued at $3.13 billion, according to reports, will allow Hagerty to go public and trade on the New York Stock Exchange under the ticker symbol HGTY. We spoke with Fred Turcotte, Hagerty CFO, to discuss the recent merger, where Hagerty plans to grow, automotive trends, and, of course, the classic car market.
