After 37 years of ownership, Skip Barber announced on Wednesday a new ownership structure for Lime Rock Park that’s aimed to “propel future growth” and “opportunity” for the famed Connecticut circuit.
The former driver-turned-instructor-turned track owner will remain a “significant owner” in the new Lime Rock Group, LLC entity, as part of the group’s management committee.
“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.”
Dicky Riegel, former President & CEO of Airstream, Inc. and COO of Thor Industries, Inc., will serve as the track’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,” Riegel said.
“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.”
Lime Rock Group’s investors include seasoned motorsports luminaries and automotive entities that’s aimed to “immediately drive new activity” for the facility, including manufacturer and sponsor relationships.
The IMSA WeatherTech SportsCar Championship is scheduled to race at the circuit on July 17, with other sports car racing events planned throughout the year as well.