Parella Motorsports Holdings has announced the appointment of Lee Giannone to the role of Chief Executive Officer. Tony Parella, the founder and visionary who created Parella Motorsports and has been the driving force behind the company’s success over the past 13 years, remains a significant shareholder and member of the...

Parella Motorsports Holdings (PMH) has opened applications for the 2025 class of the PMH Powering Diversity Scholarship. Now entering its fifth year, the program continues to build a more diverse field while empowering drivers from a variety of backgrounds to participate in PMH-owned race series. With seven series under the...

Private equity firm Velocity Capital Management has acquired North American grassroots motorsport operator Parella Motorsports Holdings (PMH). Company founder Tony Parella will continue as CEO.PMH, which was founded by Parella in 2012, owns five major road racing series and hosts racing festivals across the United States under the SpeedTour brand...