Richard Childress Racing (RCR) owns and operates nine NASCAR national series teams including three Sprint Cup Series teams, three Nationwide Series teams and three Camping World Truck teams. The Company has a winning tradition in NASCAR racing as the first team to win a championship in each of the Sprint Cup, Nationwide, and Craftsman Truck series. In addition, the legendary Dale Earnhardt captured six Sprint Cup championships for RCR from 1986 through 1994.
RCR generates revenue from direct racing activity including the sale of long-term team sponsorships, race winnings, and television fees. RCR also owns Earnhardt-Childress Racing Engines (ECR) which leverages engine building technology and capabilities for RCR and other racing teams. RCR also earns significant royalties on the sale of merchandise to fans, as well as revenue from showing its cars at special events and providing high-performance engineering and manufacturing services to third parties.
Richard Childress began his racing career in 1965, and drove his own NASCAR Grand National (now NASCAR Sprint Cup) car from 1969 to 1981. Upon his retirement as a driver, Richard Childress selected Dale Earnhardt to drive his No. 3 race cars. During the 1980’s and 1990’s, Earnhardt achieved legendary status, capturing the Sprint Cup Series championship for RCR in 1986, 1987, 1990, 1991, 1993 and 1994.
Today, RCR is widely recognized as one of the few elite NASCAR race teams, with 500,000 square feet of state-of-the-art facilities in Welcome, North Carolina, cutting edge engineering and technology, top drivers and an unmatched winning tradition.
Chartwell partnered with Richard Childress in 2003 through a recapitalization of RCR, and has since been a long-term investor in the Company.