Fox Factory, Inc. has signed a definitive agreement to acquire SCA Performance Holdings, Inc. from Southern Rocky Holdings, LLC, a portfolio company of Kinderhook Industries, according to a company release.

FOX has agreed to the $328 million transaction, exclusive of vehicle inventory, as well as an additional $13 million of contingent, performance-based retention incentives for key SCA management payable over the next two years.

The transaction is expected to close late in the first quarter of fiscal 2020, subject to customary closing conditions and related financial results.

“We are excited to announce the acquisition of SCA, and believe it presents a substantial opportunity for FOX to further expand its performance-defining aftermarket solutions and continue to drive growth in our Powered Vehicles Group,” FOX Chief Executive Officer Mike Dennison said. “We look forward to further accelerating our already significant presence in the growing specialty vehicle manufacturing market. We welcome the experienced SCA leadership team and believe they will play an integral part in our Company’s growth going forward.”

“The entire SCA management team is thrilled to join FOX. We have tremendous admiration and respect for the FOX brand, leadership, and culture of providing customers with performance-defining products,” SCA Chief Executive Officer Michael McSweeney said. “As part of FOX, we expect to build upon the success of both companies to further expand our market position and product offerings.”

For more information, visit ridefox.com.

Brian France, the former NASCAR Chairman and CEO, has announced the launch of Silver Falcon Capital, Inc. The new organization is described as "a direct investment company and brand incubator that partners with entrepreneurs to globally scale emerging consumer and sports entertainment businesses."

Silver Falcon Capital will provide capital investment to help companies in specific categories to design, develop and market brands and products to grow and scale at faster rates.

With offices and operations in New York City, Charlotte, Orlando, and Los Angeles, Silver Falcon Capital will primarily focus on partnerships in the consumer sector. Investment categories will include sports, entertainment, media, restaurant, retail, food and beverage consumer packaged goods, health and wellness.

In addition to providing capital investment, the Silver Falcon Capital team will provide partners with brand management and strategic guidance.

For more information, visit silverfalconcapital.com.

Officials with the Northwest Super Late Model Series (NWSLMS) have announced the organization is under new ownership, as the Northwest Super Late Model Tour LLC has acquired the touring group.

Since the inaugural 2014 season, the series has been under the ownership of Evans Racing Enterprises. With Garrett Evans entering a new phase in his racing career, he struck a deal with Jarrod Goodwin, Troy and Tillie Blanton, along with Dan and Annette Garber, that will see the show go.

“We’ve been talking about this opportunity for a while and Garrett presented a package to us that will allow for this new ownership group to grow beyond where we have been the last few seasons and hopefully see some exciting new prospects in coming years,” Goodwin said. “We got our rulebook out early for the teams to plan for the new year, had the agreements in place for the current season which made the ownership change smooth for all involved.”

The 2020 NWSLMS season gets underway April 25 with the running of the Leonard Evans 150 at Wenatchee Valley Super Oval in Douglas County, Washington. For more information, visit nwslms.com.

Industry experts, veterans, and speakers are encouraged to submit a seminar proposal for the 2020 PRI Trade Show, taking place December 10–12, in Indianapolis, Indiana.

PRI Education provides an unparalleled platform for innovative thinkers to share their ideas, technologies, and expertise in presentations during the Show. Proposals should reflect current trends, ideas and discoveries within the performance racing industry.

The PRI Education proposal submission deadline is March 31, 2020.

Apply online to speak at the 2020 PRI Trade Show here. For more information, visit performanceracing.com/tradeshow.

A wide-ranging, multifaceted plan to boost and strengthen the Indianapolis 500 presented by Gainbridge and the Indianapolis Motor Speedway (IMS) was unveiled by Roger Penske. The plans include significant improvements and financial investments.

The goal of the plan is to produce a legendary Month of May, including:


"This is the Racing Capital of the World," Penske said, the new owner of IMS and INDYCAR. "It is on par with some of the most historic sporting institutions in this nation and across the globe, from Churchill Downs to Augusta National. Today, we're announcing a meaningful investment in our fan experience that will produce rapid results. It's part of a long-term plan to ensure the legendary status of the Speedway continues to grow and evolve for generations to come.

"I am very excited about the enhancements to qualifying weekend, the largest-ever '500' purse, new sponsors and the significant investments we are making to the INDYCAR SERIES and to the Indianapolis Motor Speedway."

For an overview of the Month Of May upgrades, visit here. For the complete story, visit the IMS website.

NASCAR and Monster Energy NASCAR Cup Series teams have reached a multi-year agreement to continue the revenue sharing and rule-making charter system, according to multiple reports.

“The Charter agreement is delivering stability and long-term value to existing team owners while providing a clear path for ownership in the NASCAR Cup Series,” NASCAR President Steve Phelps said. “We are pleased to have reached an agreement with the team owners that extends the length of the Charter system until 2024. A healthy ownership structure ensures strong, competitive racing for our fans, which is a goal the industry collectively shares.”

The agreement means each of the 36 cars will be guaranteed starting spots in each race. Each team will also receive an increase in revenue generated from NASCAR, tracks, media, and digital rights, meaning chartered teams will now have a 6.5% stake in the revenue, an increase of 1.5%.

Additionally, funds in the race purse—approximately $2.8 million—previously allocated for non-chartered teams will be directed toward charter teams, according to published reports. Teams will also have to agree on rule changes and related matters. The agreement continues to allow NASCAR and team owners to view each car as its own sports entity, similar to FIA Formula 1’s Concorde Agreement.

In related NASCAR news, the organization has renamed the Monster Energy NASCAR Cup Series championship trophy as the Bill France Cup to honor Bill France Sr., who founded NASCAR in 1947, and his son Bill France Jr., who served as a chief executive from 1972 to 2003.

For more information, visit nascar.com.

Renegade Race Fuel, the provider of performance fuels and lubricants, has announced the addition of Matt Rogers to its team.

Rogers, who also owns his own automotive performance shop, will serve as the company’s engine builder specialist and inside sales representative. He will work part-time from the Renegade Race Fuel office in Bowling Green, Kentucky, Monday through Wednesday.

Renegade Race Fuel offers fuels, car care components, lubricants and additives, boosters, traction compounds, tire treatments, and more.

For more information, visit renegaderacefuel.com.

The Performance Racing Industry (PRI) office in Aliso Viejo, California, will be closed Monday, February 17, for Presidents’ Day. We will return Tuesday, February 18.

PRI would like to wish everyone a safe and happy holiday.

For more information on the 2020 PRI Trade Show, and to secure an exhibitor booth, visit performanceracing.com/tradeshow.

Eldora Speedway’s promoter and general manager Roger Slack was named Auto Racing Promoter of the Year (ARPY) during the 47th Annual RPM Workshops in Daytona Beach, Florida. The honor, awarded for the 44th consecutive year by Racing Promotion Monthly, is selected by promoters of over 1,200 speedways, drag strips and road courses across North America.

Additionally, the 36th annual Kings Royal race at Eldora Speedway was awarded as the Outstanding Annual Short Track Event of the Year. Previously honored in 1997, the $175k-to-win staple is the first event to earn the accolade for a second time.

“This is a tremendous honor to be able to accept this award on behalf of our entire team at Eldora,” said Slack, who garnered over 73% of the ARPY votes during the final round of balloting. “Eldora has such a great history and our entire team, sometimes as many as 400-500 at our biggest events, earned this honor with their hard work and welcoming nature... we’re fortunate that Tony [Stewart] continues to provide us with the resources to grow Eldora and continue the legacy built by Earl and Berneice [Baltes].”

Slack has worked his entire career in the racing industry. His family’s footprints in racing date back four generations, starting with his great grandparents, who were involved in thoroughbred horse racing. His grandfather, Bob Slack, was the visionary behind Canada, Ontario’s Cayuga Speedway (now known as Jukasa Motor Speedway).

His father, Randy, was an accomplished short track racer on both asphalt and dirt in late models, big block modifieds and big rig semi trucks. Roger’s younger brother, Bobby, is a business partner at Bicknell Racing Products, the dirt modified and specialty parts manufacturer.

“Short track racing has always been our family’s passion,” Slack continued. “It is what we have always done and today, this award is not just for me, but for everyone at Eldora and all of those who have believed in me throughout my career.”

For more information, visit eldoraspeedway.com.

Drivers going after the 2020 New England Late Model Challenge Cup (NELMCC) presented by American Racer now have another venue and state in which to chase the title. American-Canadian Tour (ACT) and Thompson Speedway officials announced that the Connecticut track has joined the NELMCC program for its inaugural season.  

Thompson Speedway becomes the fifth track affiliated with the weekly racing program. The 5/8-mile speedway joins Vermont’s Thunder Road Speedbowl, New Hampshire’s White Mountain Motorsports Park and Star Speedway, and Massachusetts’ Seekonk Speedway. Thompson’s addition also means tracks from four different states will be represented in the NELMCC presented by American Racer.  

All scheduled weekly Late Model events at these tracks are eligible for points towards the Challenge Cup. The 10 best results for each registered driver at participating tracks will count towards their total. A special point system is in place based on driver’s feature finishes and event car counts, with bonus points for wins and cars passed.  

An additional track also means a boost to the season-long point fund for the NELMCC presented by American Racer. Total awards are now guaranteed to exceed $10,000 with $3,000 guaranteed to the champion. All driver registration fees will be added to the point fund, meaning the total payout will continue to increase as more drivers officially join the roster.  

For more information, visit acttour.com.