Juncos Hollinger Racing and Arrow McLaren announced on Tuesday that they have entered into a strategic partnership that will benefit both Chevrolet-powered teams from 2024 onwards.
The alliance may evolve over time, beginning with a commercial and strategic focus, working together to grow their respective propositions.
Speaking about the news, Arrow McLaren Team Principal Gavin Ward said:
We’re continually working to strengthen all areas of our team, and a strategic alliance with Juncos Hollinger Racing helps both of us in leveraging our commercial and marketing power and the McLaren Racing brand in a new way.
Juncos Hollinger Racing co-owner Ricardo Juncos commented saying:
Our two teams have a lot of similarities in how we’re attracting partners and building a fanbase. We’re starting out with a strategic alliance and we’ll see how that may evolve from here.”
Brad Hollinger, team co-owner of Juncos Hollinger Racing said:
We believe our alliance will enable us to accelerate our progress while also benefiting McLaren with commercial and talent development opportunities.”
The news comes just one day after both teams announced changes to their respective management titles with Gavin Ward named Team Principal of Arrow McLaren while Tony Kanaan was named Sporting Director.
At Juncos Hollinger Racing David P.Morgan was named Team Manager.