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American Racing Equipment Inc. is a manufacturer of wheels sold via the aftermarket retail sector. Production started during the muscle car era in the United States . Platinum Equity investment group acquired American Racing Equipment Inc. in June 2005.
SRC was established in 1983 when 13 employees of International Harvester purchased a part of that company that rebuilt truck engines, [3] with $100,000 of their own money and $8.9 million in loans, with the goal of saving 119 jobs. [4]
(It did not become run by the state of Illinois as a true "state fair" until the 1980s; it is now officially called the Illinois State Fair in DuQuoin, as opposed to the longtime one at state capital Springfield.) At the start Hayes had a half-mile harness-racing track on his 30-acre site, with wooden grandstands that seated 3000.
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Owned by American Equipment Company owner Buz McCall, AER competed in IMSA sports-car racing and the Trans-Am series in the 1980s and early 1990s; the team won four consecutive Trans-Am championships with drivers Scott Sharp, Jack Baldwin, and Scott Pruett from 1991 to 1994. [1]
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