NTK Technologies Announces Merger into Niterra North America, Inc.
NTK Technologies, Inc. has announced it will merge with Niterra North America, Inc. (formerly NGK Spark Plugs (U.S.A.) Inc.). The merger aligns with the organization’s strategy to unify its global brand and aims to enhance its competitiveness and agility in responding to changing business environments. The merger will take effect on April 1, 2024, and
The Aeromotive Group Now Known as Roadster Shop Following Merger
The Aeromotive Group and Roadster Shop have announced that the organizations have merged to create a new automotive aftermarket powerhouse. Now operating as Roadster Shop, the combined brands will drive the development of innovative products, services and content. “As a lifelong enthusiast, I’m thrilled to announce this partnership between The Aeromotive Group and Roadster Shop,”
Unser Racing Museum, Speedway Motors Museum of American Speed Announces Merger
The Unser Racing Museum in Albuquerque, New Mexico, and the Speedway Motors Museum of American Speed in Lincoln, Nebraska, have announced plans for a merger. As a result, the Unser Racing Museum will be relocated to Lincoln. “The Unser family is one of the most storied families in automotive and racing history,” said Carson Smith,
Holley Going Public Following Merger
Holley will become a public company as part of a definitive merger agreement with Empower Ltd., a publicly-traded special purpose acquisition company. As a result of the agreement, Holley will become a publicly listed company on the New York Stock Exchange (NYSE) under the new ticker symbol “HLLY.” Holley President and CEO Tom Tomlinson and the
Power Test and Taylor Dynamometer Announce Merger
Power Test incorporated and Taylor Dynamometer, two long-time global competitors in the heavy-duty dynamometer and test stand business, completed the merger of the two businesses on June 30, 2020. Taylor dynamometer, founded in 1929, developed the global use of dynamometers for quality assurance in the heavy-duty diesel engine rebuilding market. Taylor has always been a
NASCAR to Acquire ISC in Merger
International Speedway Corporation (ISC) has announced it entered an agreement for NASCAR to acquire the motorsports facility operator in a merger.
Federated Auto Parts Distributors and National Pronto Association Announce Merger
National Pronto Association and Federated Auto Parts have announced a merger of efforts and resources in a number of key areas with a focus on being “best in class” in providing overall value and support within the auto care industry.
GRAND-AM Road Racing, American Le Mans Series Announce Historic Merger
Plans for a landmark merger of GRAND-AM Road Racing and the American Le Mans Series (ALMS) were unveiled Wednesday at Daytona International Speedway. Under terms of the merger, the following entities will combine with GRAND-AM: the American Le Mans Series; the International Motor Sports Association, which sanctions ALMS events; the Road Atlanta race track
Holley Announces Tom Tomlinson Retires, Interim President and CEO
Holley—the platform for performance automotive enthusiasts based in Bowling Green, Kentucky—has announced President and CEO Tom Tomlinson has retired and resigned from the company’s board of directors. He has served as the president and CEO of Holley since 2009. Michelle Gloeckler, a current director, will serve as interim president and CEO while the board conducts a
Chris Douglas Named President, CEO of Edelbrock Group
Chris Douglas has been named president and chief executive officer (CEO) of the Edelbrock Group. Douglas, who was most recently chief commercial officer for the Olive Branch, Mississippi-based company, also has served in various capacities with the Specialty Equipment Market Association (SEMA), including on its Board of Directors. Prior to Edelbrock, Douglas held a number
Holley Names Brian Applegate Interim COO
Holley—the platform for performance automotive enthusiasts based in Bowling Green, Kentucky—has announced Brian Appelgate as the interim chief operating officer (COO). He has advised Holley since 2018 as the head of Mergers and Acquisitions (M&A). As Interim COO, Appelgate will be focused on driving near-term improvement in the end-to-end supply chain, manufacturing, and engineering functional
Gold Eagle Co. & Lubrication Specialties Inc. to Merge
Two privately held manufacturers will operate as one now that Gold Eagle Co. has acquired
LSI, makers of the popular ‘Hot Shot’s Secret’ brand.
Richard Petty Motorsports Sells Majority Interest
Richard Petty Motorsports (RPM)—owned by NASCAR Hall of Famer Richard Petty—has sold a majority interest to GMS Racing owner Maury Gallagher. A statement from Gallagher and RPM reads: “Richard Petty Motorsports has agreed to sell a majority interest to Maury Gallagher, owner of GMS Racing. Two charters are included in the agreement and will be
Speedway Motorsports to Acquire Dover Motorsports
Speedway Motorsports—the marketer, promoter, and sponsor of motorsports entertainment and owner of several premier racing facilities—has entered an agreement to acquire Dover Motorsports for an approximate total equity value of $131.5 million. Dover Motorsports owns and operates Dover International Speedway (Dover, Delaware) and Nashville Superspeedway (Lebanon, Tennessee). The transaction was announced by Speedway Motorsports President
NASCAR Names John Ferguson as Chief Human Resources Officer
NASCAR has announced that John Ferguson has been hired to lead human resources strategy for the sanctioning body as Senior Vice President and Chief Human Resources Officer. In this role, Ferguson will oversee NASCAR Human Resources and provide strategic leadership around talent acquisition, employee engagement, and culture development. For nearly a decade, Ferguson served in
Even Dodge is Going Electric
*Below is a snippet of TheDetroitBureau.com’s article by Paul A. Eisenstein, publisher & editor-in-chief. During the past decade, Dodge rolled out one model faster than the last using variations of its 6.2L V8. Now, according to TheDetroitBureau.com, the muscle car brand is working up what will be its fastest model ever. The caveat is, this
Driven Racing Oil Partners with Boostane
Driven Racing Oil, which traces its roots to blown NASCAR engines, and Boostane, which was spawned from a college term paper, will pool engineering and marketing resources to help each other expand into additional territories like grassroots racing, diesel and powersports. The companies confirmed the collaborative partnership, but stressed that a merger or acquisition is
Edelbrock to Leave California HQ for Mississippi
Aftermarket parts supplier Edelbrock is closing its Torrance, California, headquarters and manufacturing plant and shifting its operations to separate facilities in-state and across the country. Edelbrock’s administrative offices will be moved to a 300,000-square-foot facility in Olive Branch, Mississippi, while most manufacturing processes will be transferred to its San Jacinto, California plant, located about 95
NASCAR’s Steve Phelps Named to Board of Directors
NASCAR Chairman and CEO Jim France announced the appointment of NASCAR President Steve Phelps to the Board of Directors. Phelps becomes the fifth member of NASCAR’s Board of Directors, joining France; Lesa France Kennedy, Executive Vice Chair; Mike Helton, Senior Advisor to NASCAR; and Gary Crotty, Chief Legal Officer. “Steve’s unwavering leadership and dedication to
SMI to Merge with Sonic Financial
The merger would take Speedway Motorsports, Inc. (SMI) private, a move similar to the one announced by International Speedway Corp. (ISC) earlier this year.
