Joe Gibbs Racing sold; HBSE joins as minority partner

Harris Blitzer Sports & Entertainment joins Joe Gibbs Racing as a minority partner

Joe Gibbs founded Joe Gibbs Racing in 1992. The team has since collected 401 wins across the NASCAR National Series including 204 in the NASCAR Cup Series.

The team currently fields four full-time cars in the NASCAR Cup Series. Denny Hamlin (No. 11), Martin Truex Jr (No. 19), Christopher Bell (No. 20) and Ty Gibbs (No 54) fill the current roster.

Today, the team announced they have sold a minority stake in the NASCAR team. Harris Blitzer Sports & Entertainment (HBSE) and Arctos Partners join the new ownership group of the North Carolina based operation.

In the deal, Joe Gibbs is also set to become a partner at Harris Blitzer Sports & Entertainment, pending NBA and NHL approval.

Joe Gibbs comments

“Josh Harris, David Blitzer and their entire team have a vision that has delivered winning franchises in basketball, hockey, soccer and youth sports,” Joe Gibbs stated.

“Their teams are among the most successful in their leagues in growing audience and sponsorship and their commitment to the communities they work in are unparalleled.  I am excited to join the HBSE family and to have their support in growing Joe Gibbs Racing.”

Josh Harris comments

“In recent years I’ve been fortunate enough to get to know Coach Gibbs and am proud to count him as a trusted friend and advisor,” said HBSE’s Co-Founder Josh Harris.

Harris added, “Joe is a winner. First in football and then with Joe Gibbs Racing, he has led organizations that build winning cultures based on strong values and a deep commitment to family and faith. This investment and partnership aims to support his vision and allow Joe Gibbs Racing to continue its track record of excellence long into the future.”

David Blitzer comments

David Blitzer commented, “We welcome Coach Gibbs and JGR to the HBSE family. At HBSE, our definition of winning extends beyond the playing surface to positively impact the communities we serve.”

He added, “Coach Gibbs and his team epitomize that and we’re excited to support him and his team as they continue to grow.”

Chad Hutchinson

“We’re thrilled to be entering this relationship with Joe Gibbs Racing alongside HBSE,” said Chad Hutchinson, Partner at Arctos Partners.

Hutchinson added, “Coach Gibbs has created one of the most successful organizations in NASCAR, and we are excited about the opportunities to support JGR’s growth as they continue to be a leader on the track.”

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Joe Gibbs Racing | NASCAR