Petty Holdings Bulks Up

Petty Holdings, a portfolio company of Boston Ventures, has merged with Gillett Evernham Motorsports to form Richard Petty Motorsports. No financial terms were disclosed for the deal, which combines the Richard Petty #43 and #44 race team cars with with GEM’s team roster. The transaction does not include the Richard Petty Driving Experience, which Boston Ventures and Richard Petty will continue to own via a separate entity.

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