M&A Deal Summary

K1 Speed Acquires Grand Prix New York Racing

On May 24, 2024, K1 Speed acquired leisure company Grand Prix New York Racing

Acquisition Highlights
  • This is K1 Speed’s 4th transaction in the Leisure sector.
  • This is K1 Speed’s 4th transaction in the United States.
  • This is K1 Speed’s 1st transaction in New York.

M&A Deal Summary
Date 2024-05-24
Target Grand Prix New York Racing
Sector Leisure
Buyer(s) K1 Speed
Deal Type Add-on Acquisition

Target

Grand Prix New York Racing

Mount Kisco, New York, United States
Grand Prix New York Racing offers indoor go-kart racing with a multi-level illuminated track. Grand Prix New York Racing is based in Mount Kisco, New York.

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Buyer(S) 1

Buyer

K1 Speed

Irvine, California, United States
Category Company
Founded 2003
Sector Gaming
DESCRIPTION

K1 Speed is the nation’s largest operator of indoor go-kart racing tracks, with eight locations in Southern California, Seattle, Phoenix and Ft. Lauderdale. K1 offers electric kart racing which caters to novices, auto racing enthusiasts, racing professionals and corporate events.

DEAL STATS #
Overall 5 of 5
Sector (Leisure) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Capital Karts

London , United Kingdom

Capital Karts is an indoor electric kart racing brand. Capital Karts was founded in 2003 and is based in London, United Kingdom.

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