NASCAR Hall of Famer Ray Evernham has acquired JRI Shocks. Financial terms of the transaction were not disclosed.
Evernham will serve as president and CEO of the Mooresville, NC-based company. He will be involved in all areas of the business, including marketing and sales strategy, new product design, and operations. JRI Shocks founder Jeff Ryan will continue to play a leading role as a partner and vice president of engineering.
“I have worked with Jeff Ryan for more than 30 years and have always known he was one of the most innovative shock designers in the motorsports industry,” Evernham said. “But, what really drew me to JRI is the work Jeff and his team are doing outside of racing. From street performance to off-road, they are creating some of the most functional, highest-quality shocks on the market.”
Under Evernham’s ownership, JRI will focus on serving existing customers, expanding its product offerings in current markets and gaining market share in the shock aftermarket.