LAKEVILLE, Conn. – After 37 years of ownership, Skip Barber announced a new Lime Rock Park ownership structure on Wednesday, to propel future growth and opportunity for the facility in the years ahead.
“I am extremely excited and proud to announce the acquisition of Lime Rock Park by Lime Rock Group, LLC,” said Barber. “The Group’s general partners, Charles Mallory, Dicky Riegel and Bill Rueckert, along with a group of private investors, have assumed control of Lime Rock Park and are bringing outstanding new vision and vitality to Lime Rock’s operations and to our local and regional community. They are the ideal stewards of the Park’s long and successful legacy.
“This is truly wonderful news for everyone involved with Lime Rock as we commence our 65th year of operations.”
Lime Rock Group, LLC was formed specifically for the acquisition of Lime Rock Park.
Barber will remain a significant investor in the new entity and will be an integral part of its management committee, as the business continues to leverage Skip’s worldwide reputation in the motorsports industry.
Riegel, the former President & CEO of Airstream, Inc., and COO of Thor Industries, Inc., will serve as Lime Rock Park’s new CEO.
“Lime Rock has been one of my favorite places and my home track for over 40 years; the same is true for my partners, Charles and Bill, both of whom consider Lime Rock a home away from home,” said Riegel. “All of us have deep roots in Connecticut and look forward to being active in the community and working collaboratively with the town. To now be owners of this iconic and storied brand is a dream come true.”
As Lime Rock commences a new season after a pandemic-restricted year in 2020, fans will have much to anticipate, including an expanded events calendar, new partners and sponsors, and additional new working capital to invest in future opportunities.