New ownership group takes over Canadian Tire Motorsport Park in Bowmanvile, Ont.
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BOWMANVILLE – Canadian Tire Motorsport Park has been purchased by a new ownership group.
The new group is led by Peter Thomson with Chris Pfaff and Alek Krstajic as partners.
CTMP is a multi-track motorsport facility outside Bowmanville, Ont., that opened in 1961.
“Canadian Tire Motorsport Park is a place with deep heritage and a loyal community,” said Pfaff in a statement. “Our team is proud to be its next steward. We’re committed to respecting everything that makes CTMP special today, while building the foundation for an elevated experience in the years ahead.”
The existing management team and staff, led by Myles Brandt, will remain in place.
A broader vision for the future of the site will be unveiled at the Canadian International Auto Show in February 2026, where the ownership group will share the roadmap for CTMP’s long-term development, investment strategy, and enhanced role within the Canadian motorsport and entertainment spaces.
The team encourages current customers, partners, and media to reach out with any immediate questions about CTMP’s future.
This report by The Canadian Press was first published Dec. 11, 2025.