Dec 2, 2025 - Business

Joe Gibbs Racing sells aerospace manufacturing group

Dan Primack

Illustration of a rocket made of money, on fire, shooting into the sky. — Illustration: Aïda Amer/Axios

Private equity firm Torque Capital Group has acquired Joe Gibbs Manufacturing Solutions, a maker of composites and assemblies for aerospace and defense applications, from Joe Gibbs Racing.

Why it matters: It's not often that you see a manufacturer pivot from race cars to rockets.

Zoom in: NASCAR in 2022 mandated that its teams mostly use common vehicle parts and vendors, which limited the value of Joe Gibbs Racing's in-house manufacturing business, Torque managing partner Jonathan Saltzman tells Axios.

Gibbs' late son, Coy, recognized that the group's capabilities could be redirected toward aerospace and defense.
It secured customers, but couldn't always fulfill demand because of facility size limitations and the parent company's racing focus.
Thus the carveout by Torque, which includes a rebranding and 60,000 square feet of new manufacturing space in Huntersville, North Carolina.

The bottom line: Start you engines.

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Joe Gibbs Racing sells aerospace manufacturing group

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