Everspeed Explained

Everspeed
Former Name:JN Holding
Type:SASU
Industry:Automotive
Founded:[1]
Founders:-->
Hq Location:19 rue de Prony
Hq Location City:Paris
Hq Location Country:France
Revenue: € 2.213.700
Revenue Year:2016
Operating Income: € -1.066.400
Income Year:2016
Net Income: € 1.247.400
Net Income Year:2016
Assets: € 78.253.600
Assets Year:2016
Equity: € 64.140.900
Equity Year:2016

Everspeed is a French holding company for motorsport related companies. The company was founded by Jacques Nicolet as JN Holding. The company was renamed as Everspeed in 2016.[2]

History

Jacques Nicolet took over Saulnier Racing in January 2007.[3] He later founded JN Holding on 14 December 2007.[1] Saulnier Racing was rebranded as OAK Racing in early 2009. The following year Nicolet and business partner Joël Rivière bought the assets of Pescarolo Sport for €400,000.[4] Until 2013 Pescarolo Sport kept competing in various endurance racing series under their own name. The assets were also use to start Onroak Automotive in 2012.

In 2016 the group bought the struggling engine builder Sodemo. Sodemo was owned by a number of shareholders. The companies founder Guillaume Maillard was a minority shareholder while Luxemburg based private equity firm Finext was the majority shareholder.[5]

Divisions

Purchases

Throughout the companies existence, Everspeed and its associates have included various companies in its divisions. Most notably:

Pescarolo Sport

See also: Pescarolo Sport. After a number of disappointing racing seasons the assets of Pescarolo Sport were sold at auction in 2010. Jacques Nicolet and business partner Joël Rivière, with help from Hervé Poulain, acquired the assets for €400,000. Henri Pescarolo was again placed at the head of the rebranded Pescarolo Team.[4] The team continued until 2014 when it was liquidated. In the meantime, the assets were used to form Onroak Automotive.[6]

Ligier

See also: Ligier. In 2013 Onroak Automotive formed a partnership with Guy Ligier. Onroak would continue to build Ligier branded Le Mans Prototype racecars and Group CN prototypes.[7]

Crawford Composites

See also: Crawford Composites. American sportscar constructor Crawford Composites was bought by Onroak Automotive in 2016. Onroak took over construction of the Crawford FIA Formula 4 chassis.[8]

Tork Engineering

French racecar constructor Tork Engineering was bought by Onroak Automotive in 2017. Tork Engineering built cars for the Mitjet Series as well as Dacia ice racing cars.[9]

Notes and References

  1. Web site: Everspeed. Societe.com. 1 April 2018.
  2. Web site: JN Holding Becomes Everspeed. Performance Racing Industry. 1 April 2018.
  3. Web site: JN Investissements purchase Saulnier Racing. Motorsport.com. 1 April 2018. 1 April 2018. https://web.archive.org/web/20180401213320/https://www.motorsport.com/elms/news/jn-investissements-purchase-saulnier-racing/. dead.
  4. Web site: Surprises in the Pescarolo Sport auction.. Le Mans. 1 April 2018.
  5. Web site: La Sodemo reprise avec ses vingt-quatre emplois. Finext. 1 April 2018.
  6. Web site: Farewell Pescarolo Team, Paying Tribute To France's Fallen Flag Carriers. dailysportscar. 1 April 2018.
  7. Web site: History. Onroak. 1 April 2018.
  8. Web site: Ligier constructor Onroak acquires Crawford Motorsport in US. Autosport. 1 April 2018.
  9. Web site: Onroak rachete Tork Engineering. Autonewsinfo.com. 1 April 2018.