Spire Motorsports Acquires KBM: Spire Motorsports bought Kyle Busch Motorsports (KBM). The racing world was shocked when Kyle Busch made the news on a fateful Wednesday. This purchase will shake the world of racing like an earthquake.
This complicated purchase includes the well-known KBM, Rowdy Manufacturing, a vital part of KBM’s machinery, and the vast 77,000-square-foot building in Mooresville, North Carolina, the centre of the racing industry.
Kyle Busch survived. KBM unexpectedly won many NASCAR Truck Series races in 2010. This impacted everyone greatly. As the first to win 100 races, they will always be known in racing history. By winning 14 races in 2014, KBM made motorsports history.
KBM has a fantastic number of checkered flags and seven owner titles, which shows how committed they are to being the best. Erik Jones won the driver title in 2014, and Christopher Bell did the same in 2017. This shows how good they are.
Kyle Busch, the driving force behind this racing giant, said, “When we started the Truck Series team in 2010, I never thought we’d be able to win 100 races with 18 different drivers and that one day I’d be racing in the Cup Series with so many of the drivers I used to coach at KBM.
He said, “I owe a lot of thanks to a lot of people, starting with Samantha and my family for helping me reach this goal.” KBM is the most successful Truck Series team ever because many great people put in so many hours.
Kyle Busch is at a different point in his life right now. Still, the incredible story of KBM will always be remembered in the history of motorsports. In the past year, his family has grown, and the way his Cup Series team works together has changed. Because his son’s racing routine is getting busier, he has many more things to do.
Kyle Busch wants to spend more time with his family and Richard Childress Racing’s No. 8 crew. It will take a lot of work to leave our beautiful buildings. I’ll miss talking to our team on the shop floor, holding fan days in the hallway, and spending a lot of time there to make it successful. However, I’m positive this is my best life and professional decision.
This historic deal happened less than a week after Live Fast Motorsports sold the Cup charter to Spire Racing for an estimated $40 million, which solidified Spire Racing’s status at the top of the racing food chain. With this buy, Spire is now in the market for a third car and is ready to introduce Zane Smith in 2024. This makes the two teams work well together.
On August 2, it was revealed that Corey LaJoie’s contract with Spire Motorsports would be extended. Also, on July 5, the stars aligned, and Gainbridge became a sponsor of LaJoie and Ty Dillon’s cars, putting them in the spotlight. Gainbridge will be on one of LaJoie’s or Dillon’s cars in an impressive 16 of the last 18 Cup races of the season. This has created a long shadow of anticipation in the racing world.
Our Reader’s Queries
How much did Spire pay for KBM?
While the shop alone was purchased for a certain amount, it’s likely that the total price of $20-25 million was driven up by the acquisition of other assets such as Rowdy Manufacturing, various vehicles, and advanced technology.
Is spire buying KBM?
Kyle Busch announced on Wednesday that Spire Motorsports has acquired Kyle Busch Motorsports, along with Rowdy Manufacturing and the 77,000-square foot facility in Mooresville, North Carolina. This exciting deal marks a significant milestone for both companies, as they join forces to expand their reach and capabilities in the industry. With this acquisition, Spire Motorsports is poised to take the racing world by storm, leveraging the expertise and resources of KBM and Rowdy Manufacturing to deliver unparalleled performance and innovation. Stay tuned for more updates on this exciting development in the world of motorsports.
How much did KBM sell for?
Shortly after KBM’s $25 million sale, an insider has disclosed a significant shift in Kyle Busch’s truck career.
Who bought KBM Motorsports?
NASCAR driver Kyle Busch has recently made a big business move by selling his truck series and manufacturing assets to Spire Motorsports. The announcement was made on September 27, 2023, revealing that Kyle Busch Motorsports (KBM) and Rowdy Manufacturing are now under new ownership. This decision marks a significant change for Busch, who has been a prominent figure in the racing industry for years. With this sale, Spire Motorsports is set to take on a new level of responsibility and opportunity in the world of NASCAR.
