Peak Motorsport Group
This article is about the group. For the team, see Peak Motorsport.
The Peak Motorsport Group (or PMG) is an international motorsport consortium headquartered in Austria; though it also has divisions in other countries, most notably New Zealand and Canada. They were the owners of ARWS team Peak Aeroracing Engineering. The group was revived ahead of the 2024 AutoReject World Series season in its current Austrian-based form.
History
The Peak Motorsport Group was formed in 2017 when Edward Summers' Peak Motorsport Canada merged with the New Zealand-based High Performance Group. HPG had been formed at the beginning of 2016 by Raymond Douglas (head of the Douglas Media Group), Dominic Spearman (CEO of Spearman Industries) and Craig Harris (founder & CEO of Harris Finance). They ran a number of teams in various series during 2016, most notably High Performance Racing in F1RSTC and RRC and Harris Finance Racing in Lupo GTI.
As part of the merger, Ziegler Holdings and the Clark Corporation purchased the shareholdings held by Douglas and Spearman.
However, financial issues hit the Peak Motorsport Group in the 2020s, forcing the withdrawal of Peak Aeroracing Engineering from the ARWS and eventually bringing its junior series teams under. The group collapsed outright in 2022; unable to further bankroll the careers of its junior drivers like Aurora Summers.
In December 2023, a consortium led by the recently merged Team Bert Anderwald and Union Saver Developments acquired the Peak Motorsport Group and rejuvenated it with the goals of becoming one of the world's top driver programmes.
Ownership
The ownership structure is as follows:
Organisation owner(s) | |||
---|---|---|---|
Peak Motorsport Canada (2006-2017) Summers Incorporated (100%) |
High Performance Group (2016-2017) Harris Family Trust/Harris Finance (50%) Douglas Media Group (25%) Spearman Industries (25%) | ||
Peak Motorsport Group (2017-2022) Summers Incorporated (50%) Harris Family Trust (25%) Ziegler Holdings AG (12.5%) Clark Corporation Ltd. (12.5%) | |||
Peak Motorsport Group (2023-present) Team Bert Anderwald/Union Saver Developments consortium (100%) |
Operations
The headquarters of the original PMG was in Auckland, New Zealand along with their main workshop. Other workshops were located in Coventry (Peak Aeroracing Engineering), Vancouver (Peak Motorsport Canada), Berlin (Ziegler Auto Racing) and Grenoble (Mont Blanc Racing). The Coventry base was purchased by Racing Point in 2023.
The group ran three primary racing teams - Peak Aeroracing Engineering in open-wheel series, Peak Motorsport Canada in lower-level formulae, the Mont Blanc Racing endurance racing squad, and the Ziegler Auto Racing touring car operation. They also formerly ran the Everest Rally Team out of the Auckland workshop.
Following their 2023 revival, the PMG's activities in the ARWS and European junior formulae operate from the USD base in Vienna, with GT and sportscars based at the TBA Salzburg headquarters. Overseas series rely on the establishments in New Zealand and Vancouver.
Peak Motorsport Group drivers
Current drivers
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Former drivers
Driver | Notes | Years |
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Abandoned his motorsport career. | 2017-18 |
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Switched to MarchSixteen Racing's academy. | 2017-20 |
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Departed when the PMG was looking worse for wear. | 2018-22 |
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Mutually parted ways from the new owners. | 2018-23 |
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Left to join the Red Bull Junior Team. | 2018-20 |
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Found a career in NASCAR and departed; no longer needing the PMG's aid. | 2017-21 |
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Did not renew membership contract, citing that he was content racing independently in Super Taikyu. | 2017-23 |
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Took a sabbatical from racing. | 2017-23 |
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Stopped racing to pursue a career in engineering; eventually became Peak Motorsport's Technical Director. | 2017-19 |