In a news release, JGR said the “significant investment from HBSE and Arctos Partners “aims to support Coach Gibbs’ vision for the growth of JGR as a family company and as a continued leader in NASCAR.”
HBSE is an American sports and property management company headquartered in Camden, N.J., and founded in 2017 by private equity investors Josh Harris and David Blitzer.
The group owns the NHL’s New Jersey Devils and NBA’s Philadelphia 76ers. It also is in the process of acquiring the NFL’s Washington Commanders, which should become official this summer.
Gibbs’ limited partnership in HBSE is pending approval by the NBA and NHL.
“Josh Harris, David Blitzer and their entire team have a vision that has delivered winning franchises …