Founded by veteran driver Bryan Herta and noted race engineer and team manager Steve Newey, Barracuda Racing has been a race-winning team in Firestone Indy Lights competition since 2009 and recently won the 2011 Indianapolis 500 with driver Dan Wheldon in only its second IZOD IndyCar Series start. The Indianapolis, Ind.-based squad made its IndyCar debut in 2010 contesting the Indianapolis 500. New for 2012, Barracuda Racing has formed a joint venture with Bowen and Bowers Motorsports, Inc. (BBM) to field a full time entry in the Izod Indycar Series for Canadian driver Alex Taglaiani. Based in Toronto, Ontario, Bowen and Bowers Motorsports, Inc. is the coming together of leading sports and entertainment property development professionals, Chris Bowers and David Bowen, along with the financial management experience of Trapeze Asset Management Inc.