Snap-on Inks Five-Year Extension With Penske

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Snap-on will continue as a sponsor of Team Penske in both NASCAR and IndyCar next season. (Jeremy Thompson photo)

MOORESVILLE, N.C. – Building on one of the longest and strongest partnerships in sports, Team Penske and Snap-on Incorporated have announced the renewal of their partnership with a new five-year agreement.

The multi-year extension continues Team Penske’s longest-running partnership, as the organization and Snap-on celebrate their 36th season together this year.

By the end of the announced extension, Snap-on will have enjoyed more than four decades of partnership with Team Penske.

“Snap-on has been a trusted partner for over 35 years with Team Penske and we are happy to report that this extension means we will celebrate 40 seasons together in 2021,” said team owner Roger Penske. “It is pretty special to have a relationship endure over time in such a competitive environment like professional sports, and especially in auto racing.”

“We appreciate all of Snap-on’s support over the years and our teams continue to rely on Snap-on tools and equipment, because we know we are working with the best when it comes to reliability and quality.”

The partnership with Snap-on extends across Team Penske’s racing teams in the Monster Energy NASCAR Cup Series, the NASCAR XFINITY Series and the Verizon IndyCar Series.

“Team Penske is one of the most storied teams in the history of professional sports and we feel fortunate and excited to be associated with that success,” said Nick Pinchuk, chairman and CEO of Snap-on Incorporated. “Our partnership with the Penske team spans more than three-and-a-half decades and extends across a number of our businesses. We’re quite pleased that this agreement will allow us to continue that valued relationship through Snap-on’s 100th anniversary in 2020 and beyond.”

As part of the extension of the partnership, Snap-on will be a primary sponsor for one race on the No. 2 Team Penske Ford Fusion driven by Brad Keselowski in the MENCS next season at Talladega Superspeedway in April.

The company will also serve as a primary sponsor for two NASCAR XFINITY Series races with the team in 2018.

Snap-on will continue as an associate sponsor on all Team Penske cars competing across the various racing series next season.

CREDIT: Team Penske

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