IPO Edge: A Live Conversation with Hagerty CEO McKeel Hagerty

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IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with Hagerty Inc. (NYSE: HGTY) to discuss how investors understand the size of the classic car market, which has helped Hagerty deliver consistent growth over the past decade, details on how the model differentiates itself from standard car insurance, what a lifestyle car brand is and its strategic ambitions for the next decade of growth. The event brought together McKeel Hagerty, CEO of Hagerty, joined by John Jannarone, IPO Edge Editor and editor Jarrett Banks in a moderated video session lasting approximately 60 minutes, including a Q&A with the audience.

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Hagerty discussed:

  • What Hagerty Does and IPO Details and Strategic Investors

  • Transition from an eclectic environment to a space for car enthusiasts

  • How the Hagerty model differs from standard car insurance and what is a car lifestyle brand

  • How Hagerty helps investors understand the size of the classic car market and what has enabled Hagerty to generate consistent growth over the past decade

  • What are the strategic ambitions for the next decade of growth

About the speaker:

McKeel Hagerty, CEO, Hagerty

McKeel Hagerty is the CEO and driving force behind Hagerty, an automotive enthusiast brand offering integrated products and membership programs and a specialty insurance provider focused on the global automotive enthusiast market. Based in Traverse City, Michigan, the company has more than 1,800 employees in the United States, Canada, United Kingdom and Germany. Hagerty’s goal is to save driving and preserve car culture for future generations and his mission is to build a global business to fund that goal. In December 2021, Hagerty Inc. joined the New York Stock Exchange as a publicly traded company under the symbol HGTY.

McKeel was elected by his CEO peers in 2016-17 to serve as Chairman of the International Board of YPO, a global leadership organization with more than 29,000 extraordinary CEOs from 142 countries. During his tenure, he has traveled the world speaking to such leaders and thinkers as former UN Secretary General Kofi Annan, President of Rwanda Paul Kagame, Prime Minister of Singapore Lee Hsien Loong, Prime Minister of Canada Justin Trudeau, philosopher Yuval Harari and countless business titans. . These experiences profoundly influenced his view of leadership opportunities in a rapidly changing world: “There is a new generation of evolved leaders emerging in the world. They take a balanced approach to stakeholders. They show us that by being forward-looking, growth-oriented, and ideologically pragmatic, a more flourishing world is possible.These people have inspired me to think bigger than building profitable businesses and addressing unique global issues. ” McKeel continues to work with YPO as an ambassador, speaker, moderator and strategic consultant.

McKeel is passionate about entrepreneurship and helping young leaders emerge. He was co-founder of Grand Ventures, a Michigan-based venture capital firm that provides start-up companies with seed capital and strategic support.

He holds many advisory and consulting positions, but is especially proud to be a founding member of the advisory board of McPherson College in McPherson, Kansas, home to the only four-year Bachelor of Science degree in Automotive Restoration Technology in the United States. United. He is also a member of the board of trustees of the Petersen Automotive Museum, a non-profit organization specializing in automotive history, and America’s Automotive Trust, a non-profit organization whose mission is to protect American automotive heritage. All of these efforts culminate in the Hagerty Drivers Foundation, which serves Hagerty’s goal of “saving driving and motoring culture for future generations.”

McKeel is a big fan of big cars and big roads. At 13, he restored a 1967 Porsche 911S with his father Frank. He still owns the car and it’s the first car that comes out of his garage every spring. Among his many recent motoring adventures, he has driven the Porsche to the top of Pike’s Peak and many other dream roads, a 1903 Knox in the famous London to Brighton Veteran Car Run, a McLaren 600LT through the magnificent but treacherous Tail of the Tennessee Dragon. , and many other circuits and rallies. He was also a judge for decades for the prestigious Pebble Beach Concours d’Elegance, where he continues to serve in an honorary capacity.

In Traverse City, he is known as a passionate community supporter and advocate for government, business and local organizations working together to create a more sustainable economy based on scalable businesses.

McKeel received his undergraduate degree in English and philosophy from Pepperdine University and his master’s degree in theology from Saint Vladimir Orthodox Seminary. His interests include reading and skiing, and he has been playing guitar since he was 11 years old. He lives with Soon in Traverse City, Michigan. They have three wonderful daughters, Olivia, Sophia, Ava, and a Boston Terrier, named Hudson (after the car, of course).

About Hagerty, Inc. (NYSE: HGTY)

Based in Traverse City, Michigan, Hagerty’s goal is to save driving and car culture for future generations and its mission is to build a global business to fund that goal. Hagerty is an automotive enthusiast brand offering integrated products and membership programs as well as a specialist insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Marketplace, Hagerty Drivers Club®, Hagerty Drivers Club magazine, Hagerty Drivers Foundation, Hagerty DriveShare™, Hagerty Valuation Tools®, Hagerty Media, MotorsportReg, Hagerty Garage + Social®, The Amelia, the Detroit Concours d’Elegance, the Greenwich Concours d’Elegance, the California Mille, Motorlux, RADwood, Broad Arrow Group and more. For more information about Hagerty, please visit www.hagerty.com, or connect with us on Facebook, Instagram and Twitter.

Contact:

IPO-Edge.com

Daniella Parra

daniellap@capmarketsmedia.com

Twitter: @IPOEdge

Instagram: @IPOEdge

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