Phoenix investment firm acquires stake in global indoor go-kart racing operator

Posted at 8:16 AM, Oct 31, 2019
and last updated 2019-10-31 11:16:03-04

Outlier LLC, a Phoenix investment group, has acquired an interest in K1 Speed Inc., an Irvine, California-based indoor go-kart racing company that started opening U.S. franchises earlier this year and is expanding internationally.

Outlier, which changed its name recently from True North Cos., has been buying and growing businesses since 2005.

K1 Speed is now the third brand in its entertainment group, joining Pump it Up and Bounce U.

Outlier CEO David Tedesco said K1 Speed fits his company model because it is the “clear leader within its industry.”

Read more from the Phoenix Business Journal.