Monthly Archives: December 2012
Pro Cal Professional Decal
The folks at Pro Cal Professional Decals may be the only ones involved in motorsports who take their vacations during the busy racing months in the summer. They’re busy now, getting decals and wraps ready for the NASCAR and other motorsports customers who are preparing for the new season, and they’ll stay busy through February.
Pro Cal recently added a location in Concord (its headquarters is in Rock Hill, S.C.) to better serve its motorsports clients. There are 30 employees – who have a combined 150-plus years of experience – across the two locations, and the firm is 30 years in the making. The Rock Hill location focuses on corporate fleets that include small local businesses and firms like CPI Security.
Pro Cal currently services five Cup teams, some Nationwide and Truck teams in NASCAR, as well as drag racing and Grand Am road racing teams. While some sponsors design wraps for cars, Pro Cal also designs schemes with sponsor and team approval. The end result is a one-piece 3M vinyl “wrap” that covers the car nose to tail. Pro Cal has the rights to all the contingency decals so they too can be embedded into the design. In addition, Pro Cal makes all the General Motors head- and taillight decals and all the Chevy “bowties” used by teams in various motorsports applications.
Teams can wrap their own car, or the car can come to Pro Cal. It’s mostly show cars that are seen in the Pro Cal shop which sometimes get a “photo shoot” scheme wrap. Pro Cal technicians also go to the cars, and apply wraps in race shops.
Most teams going to Daytona, for example, have a primary and a backup wrap and one called a “truck spare,” which is right-side only since that’s the most likely damaged part of a car involved in a crash.
While visiting, the NASCAR media hauler was in the shop for a facelift. It takes 20 to 30 hours to “unwrap” the tractor-trailer and another 40-50 to re-wrap; the rig will likely be there for a week.
If you have spent some time in the motorsports arena around Charlotte, sooner or later you’ll hear of Greer & Walker. This multi-level accounting firm had its first motorsports client almost by accident shortly after it was formed in 1984. Now, about 10 percent of its business is derived from the motorsports industry.
Of the NASCAR-related motorsports clients, some are teams, some are suppliers, some are drivers, and some are foundations. The firm also has some non-NASCAR teams as clients. The firm also has areas of expertise in construction, financial services, manufacturing and distribution, not-for-profit and real estate.
Greer & Walker also offers corporate finance (mergers and acquisitions) guidance, litigation support, business outsourcing, and auditing. Greer & Walker does something not too many accounting firms do — provide wealth management services for its clients who meet the threshold of a $1 million investment.
According to Jim Reichard, the hot topic these days is estate taxes (will the law change for 2013 or not?) and the potential of the Affordable Health Care Act to impact tax consequences for its clients. Whether to accelerate deductions this year or wait to see what Congress decides is another area in which Greer & Walker is providing advice. Same with capital gains tax rates. As Jim says, sometimes they wish they had all the answers. But with experience comes knowledge, and you can bet the folks at Greer & Walker are exploring all the options for their clients.
To learn more about Greer & Walker, visit here .
NCMA Honors Wheeler with Achievement Award at Motorsports Industry Awards Ceremony presented by Fifth Third Bank
Banquet set for Jan. 28 at Embassy Suites Concord.
CONCORD, N.C. – The North Carolina Motorsports Association will honor legendary racing promoter H.A. “Humpy” Wheeler with its Achievement in Motorsports Tribute Award at the seventh annual North Carolina Motorsports Industry Awards Ceremony presented by Fifth Third Bank. The ceremony will take place Jan. 28 at the Embassy Suites Concord.
The NCMA Motorsports Industry Awards Ceremony presented by Fifth Third Bank pays tribute to North Carolina’s $6 billion motorsports industry. Each year, the Achievement in Motorsports Tribute Award recognizes a person whose contributions to racing have made an immeasurable impact on motorsports in North Carolina. Previous recipients were Benny Parsons, Richard Petty, Richard Childress, Dale Earnhardt, Junior Johnson and O. Bruton Smith. In addition, NCMA presents industry awards to various North Carolina entities that have positively affected the motorsports community within the state.
Often referred to as the P.T. Barnum of motorsports, Wheeler is best known for serving as president and general manager of Charlotte Motor Speedway for 33 years, ending in 2008. During his tenure at CMS, his extravagant pre-race ceremonies and dedication to the fan experience were second to none. Under his leadership, the speedway became the first modern superspeedway to host night racing with the NASCAR All-Star race while making the Coca-Cola 600 one of NASCAR’s premier events. He also served as president of Speedway Motorsports, Inc., the parent company of CMS. SMI became the first publicly traded motorsports company when it was listed on the New York Stock Exchange in 1995.
In 1992, Wheeler created 600 Racing, Inc. (now U.S. Legends International) under the SMI umbrella. Recognizing a need for small, affordable “spec” race cars, Wheeler was instrumental in the creation of the Legends Car. With the success of the Legends Car, the company has grown into one of the largest race car manufacturers in the world and has launched the racing career of numerous drivers. Graduates include NASCAR Sprint Cup Series drivers Dale Earnhardt Jr., Kurt and Kyle Busch, Joey Logano, David Ragan and NASCAR Camping World Truck Series champion James Buescher.
Born in Belmont, N.C., Wheeler is a 1961 graduate of the University of South Carolina. Before joining Charlotte Motor Speedway, he was the director of racing at Firestone Tire and Rubber during the tire manufacturer’s most visible years in motorsports. He has also worked a sports writer, television producer and dirt-track promoter.
Wheeler continues to have a tremendous impact on the motorsports industry. He operates The Wheeler Company, a management consulting firm focused on professional sports, motorsports and general business. He is an active board member for Belmont Abbey College, the National Motorsports Council, the Governor’s Sports Commission and the President’s Advisory Committee at the University of South Carolina.
Wheeler is a member of nine Halls of Fame, including the International Motorsports Hall of Fame. He is a past chairman of the Charlotte Convention & Visitors Bureau and worked with the Charlotte Chamber of Commerce and the Cabarrus Regional Chamber of Commerce.
North Carolina Motorsports Association
Founded in 2002 to promote and serve the motorsports community in North Carolina, the association has members that range from race teams and tracks to attorneys and accountants. Its mission includes legislative representation at the state level to ensure that the industry’s best interests are served in Raleigh. It also includes opportunities for members to interact as well as attend seminars that benefit the self-employed as well as large corporations. Learn more at www.northcarolinamotorsportsassociation.org.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $117 billion in assets and operates 15 affiliates with 1,325 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,403 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Learn more at www.53.com