Wednesday, March 18, 2009

Petty Enterprises

Before landing major sponsorship in 1972, the Petty Enterprises team remained very much a family-based operation.

After several years of struggle, Petty gradually stepped away from the ownership role. The investment group, Boston Ventures, purchased a majority interest in Petty Enterprises in 2008.

Just before the 2009 season, Petty agreed to merge his team with Gillett Evernham Motorsports.
The famed complex of low-slung buildings in Level Cross, N.C., that comprised Petty Enterprises is now basically a museum.
From an article in Hot Rod... that Petty Holdings will operate under ownership of Boston Ventures and Gillett Evernham Motorsports, using the GEM shop

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