Davidson Capital Advisors Advises Driving 101, LLC on Acquisition
We are pleased to announce that Davidson Capital Advisors has advised Driving 101, LLC which operates as Nascar Racing Experience, on the acquisition of Richard Petty Driving Experience, Inc. owned by a private equity firm. This acquisition will consolidate the two organizations to deliver the ultimate on-track fan experience at more than 20 racetracks into a national footprint.
Driving 101, LLC engaged Davidson Capital Advisors on the acquisition of Richard Petty Driving Experience. The acquisition provides a national footprint for Nascar Racing Experience. In addition to serving lower middle market companies with M&A, financing and restructuring services, Davidson Capital Advisors has an active practice representing companies throughout the southeast.
“We chose to work with Davidson Capital Advisors because of their extensive M&A experience, in lower middle market companies owned by individuals (like Richard Petty Driving Experience) and by private equity funds. DCA shared insightful recommendations to the deal structure and valuation. Their experience and leadership resulted in a seamless execution process from letter of intent to close.”
Bob Lutz
Chief Executive Officer
Driving 101, LLC
About Driving 101, LLC: (www.nascarracingexperience.com), headquartered in Charlotte, North Carolina, is the leader in the driving experience industry. Driving 101 provides the ultimate on-track fan experience across 20 tracks with more than 100 race cars and permanent locations throughout the U.S.
About Richard Petty Driving Experience: headquartered in Charlotte, North Carolina, provides stock car and muscle car drive-and-ride entertainment at speedways across the U.S. It has base locations in Las Vegas, Daytona, Concord, NC and Kansas City.
About Davidson Capital Advisors (www.davcapadvisors.com) is a boutique investment bank specializing in advisory engagement for lower middle market companies. The firm offers merger, acquisition, corporate financing, restructuring, valuation services and other related advisory services to clients across several industry sectors.