Kyle Busch Motorsports’ shop purchased by Spire Motorsports for $14,500,000: Reports

It's been over two months since Kyle Busch announced the shock sale of his NASCAR Truck Series team KBM and Rowdy Manufacturing to Spire Motorsports. The deal, which included the facilities in Mooresville, North Carolina, is reported to have closed recently.

According to the Charlotte Business Journal, Spire Motorsports has now acquired the assets owned by Busch for nearly $14.5 million.

The report referred to the Iredell County real estate records, where an entity associated with Kyle Busch sold the 77,000 square feet facility located at 351 Mazeppa Road to Spire. The sale also included the assets owned under Rowdy Manufacturing's chassis building operation and the CNC machine shop.

Kyle Busch started the team back in 2010, when he was 25 years old, and turned the team into a championship-winning outfit. KBM holds the record for winning the most races in the Truck Series (100), with Busch contributing 48 of those wins.

The highlights for KBM in the Truck series include two championships, with Erik Jones in 2015 and Christopher Bell in 2017. Both the drivers eventually graduated to Joe Gibbs Racing and raced alongside Kyle Busch.

The team has also nurtured many drivers who eventually reached the Cup Series.

“It will be hard to walk away from the amazing facility we built,” Busch said in a team press release. “I’ll miss walking the shop floor talking with the everyone, hosting our fan days in the lobby, and spending countless hours there ensuring its success. However, I know at this point in my life and in my career that this is the correct decision.”

Spire Motorsports will take over the race shop in Mooresville, as it expands to a three-car team in the Cup Series while taking over KBM's two entries for 2024.

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Kyle Busch grades his maiden season with Richard Childress Racing

Kyle Busch started his 2023 campaign with Richard Childress Racing on a high note, as he registered victory in his second race with the team. But after racking up two more wins, Busch and the team started to falter towards the playoffs.

With three wins, 10 top-fives and 17 top-10s, Busch led 241 laps this season with an average finish of 15.0. The 38-year-old recently assessed his 2023 campaign, grading his season a B-minus.

“Probably a B-minus,” Busch was quoted by NBC Sports as saying. “I’m kind of floating between the C and a B-minus there. Started the season, I’d give us definitely a middle-A, for sure, the first probably 10-12 races. And then the second half of the season I’d give us somewhere in the C, so average it out, B-minus."

The #8 Chevy driver would be looking for more consistency in the coming season.