IRVINE, Calif., Nov. 16, 2012 /PRNewswire/ – K1 Speed Inc., the largest operator of Indoor Kart Racing facilities throughout the U.S., announces the acquisition of Race Place Motorsports, Inc. (RPM Indoor Kart Racing), an industry leader in Sacramento, California. As K1 Speed welcomes the RPM Sacramento location, they believe this first-class location will provide a great new expansion opportunity for K1 Speed.
As part of K1 Speed's continuing expansion, this acquisition will be the 13th location nationwide and the 3rd in Northern California for K1. The Sacramento location will be switching from gas powered go-karts to highly advanced and environmentally friendly electric karts.
RPM in Sacramento has been an industry leader for the past 10 years and is passionate about the same things as K1 Speed. Offering a world-class facility with great customer service and attention to detail should provide an easy transition for K1 Speed.
The acquisition is scheduled to close on December 1, 2012 and is subject to customary closing conditions.
About K1 Speed
Founded in 2003, K1 Speed is one of the premier karting companies in America. With 12 kart racing centers in San Diego, Los Angeles, Santa Clara, San Francisco, Seattle, the Inland Empire, Fort Lauderdale, Houston, Austin and Phoenix with several more facilities planned for the near future, K1 Speed brings the thrill and excitement of indoor karting to a large audience. Offering highly advanced and environmentally friendly electric karts as well as large indoor entertainment venues that feature authentic racing memorabilia, pit cafes, meeting rooms and pool tables, K1 Speed is a great place to visit with family and friends or to host a corporate event or party. If you're interested in experiencing the latest technology in kart racing, visit one of the nationwide karting centers today!
About RPM Indoor Kart Racing
RPM Indoor Kart Racing was also founded in 2003 and has provided nearly ten years of racing excitement to the Sacramento area. The Sacramento location is arguably one of the finest Indoor Kart Racing facilities in the U.S. With 74,000 square feet it offers two race tracks, spacious lobby areas and an upstairs Sky Box providing food service with floor-to-ceiling angled glass to sit back and view all of the racing action. RPM has 5 meeting rooms for private parties or corporate meetings. The Speed Shop retails store offers the latest styles from Oakley, SPY, Alpinestars, FOX, DC Shoes, GoPro and many more brands. A Subway sandwich shop is also located inside on the first floor. RPM also has a great collection of racing memorabilia featuring racecars, helmets and racing suits. Twenty-foot high glass walls provide great viewing areas from anywhere in the facility.