PV3 Enterprises has acquired Utah’s premier motorsports facility, an iconic venue originally created by the Larry H. Miller family in 2006 and developed into one of North America’s most respected motorsports destinations. The track holds a meaningful place in Utah’s racing and performance history, and we approach its future with a clear sense of responsibility.
Our focus is straightforward: restore the facility, reintroduce it to the public, and bring it back into regular use in a way that serves racers, fans, partners, and the broader community. This is not about reinvention for its own sake. It’s about stabilizing a valuable asset, investing thoughtfully, and building on a foundation that was designed to endure.
PV3’s perspective is informed by hands-on experience in performance-driven environments. Following PV3’s acquisition of ENVE Composites in 2024, the company continued expanding the advanced fabrication, testing, and engineering work it was already known for, work that increasingly moved from controlled environments into real-world applications. That evolution led to the launch of ENVE Motorsports, which competes across open-wheel, GT, and high-performance racing programs, using the track as a proving ground where ideas are tested, refined, and translated into broader advancements.
That experience reinforces a long-held belief: at its best, motorsports is not just competition, it’s an engine for innovation. It pushes materials, aerodynamics, safety systems, and manufacturing techniques that eventually influence transportation, cycling, and other performance industries. Utah is well-positioned to participate more meaningfully in that ecosystem, and this venue can once again play an active role.
Our ownership philosophy is long-term. PV3 is a private investment group focused on stewardship, continuity, and patient growth. We prioritize supporting strong leadership, respecting what already works, and making measured investments over time rather than forcing rapid change.
There is more to come. Some details (e.g., naming, expanded programming, and future investments) are still being evaluated and will be shared when appropriate. For now, our priority is listening, learning, and getting the fundamentals right.
We recognize the legacy associated with this venue and the expectations that come with it. Our goal is to honor what was built here while ensuring the facility remains active, accessible, and relevant for the next generation.
More updates soon.
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