Three Chimneys Farms
Three Chimneys Farm is a privately owned, family-controlled Kentucky thoroughbred breeding operation that stands premium stallions led by Gun Runner and provides stud services, mare management, and auction consignments to broodmare owners, racing syndicates, and trainers worldwide.
- Company typePrivate
- Founded1980
- HeadquartersVersailles, France
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Three Chimneys Farms does
Three Chimneys Farm is a privately held, family-owned thoroughbred breeding operation located in Versailles, Kentucky, operating continuously since approximately 1980 and acquired by the Borges Torrealba family in 2013. The farm stands a roster of premium thoroughbred stallions led by Gun Runner — 2017 Horse of the Year and 2024 National Museum of Racing Hall of Fame inductee — at a $250,000 Live Foal, Stands and Nurses (LFSN) stud fee, with additional stallions including Newgate ($17,500), Gun Pilot ($12,500), Volatile ($10,000), and Funtastic ($2,500). Core revenue is generated from stud fees charged to broodmare owners booking mares to the farm's stallions, with secondary revenue from the consignment and sale of yearlings, weanlings, and two-year-olds at major auctions (Keeneland, Fasig-Tipton, OBS) and from co-ownership racing partnerships. The farm complements its stallion services with managed mare-submission workflows, breeding shed scheduling, and an in-house racing program that has produced 12 Grade 1 winners under current ownership, including 2022 Preakness winner Early Voting and 2026 Kentucky Oaks winner Always A Runner.
The business operates through a sales-led go-to-market model centered on a dedicated stallion nominations team (Rebecca Nicholson, Sydney Smith) and direct phone/email booking. Distribution combines direct farm breeding services, auction-house consignments, open-house events timed to Keeneland sales, racing partnerships with high-net-worth buyers and trainers, and earned media coverage in outlets such as Blood-Horse. Pricing follows a tiered LFSN subscription framework tied to each stallion's graded-stakes resume, progeny earnings, and commercial demand; Gun Runner's progeny have generated more than $167 million in cumulative earnings and 19 millionaires, anchoring premium pricing power across the roster.
The farm employs 51–100 people across stallion management, broodmare and yearling operations, finance, bloodstock, and on-site veterinary functions (Dr. Charlie Scoggin, DVM, MS, DACT), with executive leadership including Chairman Gonçalo Borges Torrealba, Vice Chairman and former WinStar President Doug Cauthen, COO Tony Cissell (formerly Calumet and WinStar), and CFO Jimmy Lanford. The leadership team's pedigree across WinStar, Godolphin, and Dean Dorton & Ford's equine practice underpins a disciplined operational and capital posture. Customer-facing technology is limited to third-party pedigree/nicking integrations (G1 Goldmine Stallion Match, Truenicks, eNicks, Bloodhorse Stallion Register) and a client portal; there is no in-house AI or proprietary software stack. Ownership remains concentrated with Borges Torrealba Holdings and is not publicly traded.
Three Chimneys Farms firmographics
Firmographics- Name
- Three Chimneys Farms
- Legal name
- Three Chimneys Farm
- Website
- https://threechimneys.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Three Chimneys Farm is a privately owned, family-controlled Kentucky thoroughbred breeding operation that stands premium stallions led by Gun Runner and provides stud services, mare management, and auction consignments to broodmare owners, racing syndicates, and trainers worldwide.
- Ownership category
- akta.pro rank
Three Chimneys Farms industry classification
Industry- Product category
- Thoroughbred Breeding Services
- NAICS
- Horses and Other Equine Production (11292), Horses and Other Equine Production (112920)
- SIC
- Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Horse Breeding & Stud Farms (AFAEAGAA)
- akta.pro secondary industries
- Stallion Services & Semen Collection/Distribution (AFAEAGAB), Equine Sales, Auctions & Bloodstock Agencies (AFAEAGAH), Yearling/Weanling Raising & Sales Prep (AFAEAGAD), Breeding & Bloodstock (Stud Farms, Sales/Auctions) (MPAEADAH)
Keywords
Where Three Chimneys Farms is headquartered
LocationHeadquarters
- HQ city
- Versailles
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Three Chimneys Farms business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Stud Services / Breeding Fees: Primary revenue stream from standing premium thoroughbred stallions at stud fees ranging from $2,500 to $250,000. Fees collected for breeding services to mares using farm stallions.
- Horse Sales: Revenue from selling bred horses including yearlings, weanlings, and foals at major auctions (Keeneland, Fasig-Tipton, OBS). Farm also co-owns and races horses with partners, earning purse money and sales proceeds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Gun Runner - $250,000 LFSN |
| Subscription | Multi-year contract | Newgate - $17,500 LFSN |
| Subscription | Multi-year contract | Gun Pilot - $12,500 LFSN |
| Subscription | Multi-year contract | Volatile - $10,000 LFSN |
| Subscription | Multi-year contract | Funtastic - $2,500 LFSN |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Three Chimneys Farms product offering
Product offeringCore offering
Three Chimneys Farm operates a thoroughbred horse breeding operation in Versailles, Kentucky, standing premium stallions (Gun Runner, Volatile, Newgate, Gun Pilot, Funtastic) at stud, providing breeding shed services and mare submission, and preparing and selling yearlings at major bloodstock auctions. The farm also offers farm tours and racing/bloodstock coordination as part of its full-service equine operations.
Product overview
Three Chimneys Farm operates as a Thoroughbred breeding operation offering stallion services centered around its roster of five premium stallions led by flagship stallion Gun Runner. The farm provides comprehensive breeding services including mare submission, breeding shed management, and stallion nicking tools. Additional services include racing program management for homebred horses and farm tour experiences. The stallion portfolio includes Gun Runner ($250,000), Volatile ($10,000), Newgate ($17,500), Gun Pilot ($12,500), and Funtastic ($2,500), representing different price points and bloodline characteristics for mare owners.
Differentiator
Problem solved
Functional benefit
Products and services
- Gun Runner Stallion Service
- Volatile Stallion Service
- Newgate Stallion Service
- Gun Pilot Stallion Service
- Funtastic Stallion Service
- Breeding Shed Services
- Yearling Sales Preparation and Consignment
- Farm Tours
Quantifiable outcome
- Gun Runner leads all sires with $904,629 average yearling price
- +3 more outcomes
Companies that use Three Chimneys Farms
Customer profileNamed customers8 records
Segments3 records
Three Chimneys Farms technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature1 record
Three Chimneys Farms partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Three Diamonds FarmminorOwner of Creole Chrome, a Volatile colt who won Louisiana Legends Cheval S. by 18 lengths. Horse bred by Gulf Haven Farms, trained by Joe Sharp.
- Douglas ScharbauercoreCo-ownership partnership in Always A Runner, winner of 2026 Kentucky Oaks (G1). Farm bred the filly from Grade 2-placed mare Always Carina. Partnership enables shared racing and breeding upside.
- John EnniscoreTrainer and co-owner of Great White (John Battaglia Memorial S. winner by Volatile). Three Chimneys homebred raced in Kentucky Derby and Preakness. Farm provides breeding stock, trainer provides racing management.
- Stud TNTminorBreeder of Great White, a Volatile colt. Stud TNT bred the horse that raced in Kentucky Derby and Preakness.
- Elm Tree Farm (Jody and Michelle Huckabay)minorBreeding farm where Newgate's first foal was born in January 2026. Located in Paris, Kentucky.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Three Chimneys Farms competitors and assessment
Company assessmentDirect peers
- WinStar Farm: Premier Kentucky thoroughbred stallion station and breeding operation standing elite sires including Constitution and Life Is Good. Direct competitor for top-tier stud fees, mare owners, and yearling sales; Three Chimneys' Doug Cauthen and Tony Cissell both previously held senior roles at WinStar.
- Coolmore America (Ashford Stud): North American arm of global Coolmore Stud operation (Ashford Stud, Versailles KY) standing elite international sires including Justify, Munnings, and Uncle Mo. Most direct competitor for premier stud fees and global mare book; competes for same Kentucky-based and international clients as Three Chimneys.
- Lane's End Farm: Historic Versailles, Kentucky thoroughbred farm standing elite stallions including Quality Road and Candy Ride. Direct competitor in the Kentucky stallion station market, with overlapping client base among major breeders and racing operations.
- Spendthrift Farm: Lexington, Kentucky thoroughbred farm standing elite stallions including Into Mischief (sire of Newgate) and Vekoma. Direct competitor for stud fees, breeder relationships, and yearling sales; one of the most aggressive commercial operators in the current Kentucky stallion market.
- Claiborne Farm: Historic Paris, Kentucky thoroughbred farm standing established stallions and home to the Hancock family. Direct competitor in the Kentucky stallion station space, with multi-generational brand equity comparable to Three Chimneys' 40-year legacy.
- Airdrie Stud: Midway, Kentucky thoroughbred farm standing elite sires including City of Light and Bolt d'Oro. Direct competitor in the Bluegrass stallion market, with overlapping mare owner clients and auction consignor relationships.
- Taylor Made Farm: One of the largest sales consignor and stallion operations in Nicholasville, Kentucky. Direct competitor in the consignment and stallion markets, with significant footprint at Keeneland and Fasig-Tipton sales where Three Chimneys also consigns horses.
- Hill 'n' Dale Farms: Kentucky-based thoroughbred stallion station standing elite sires including Curlin and Good Magic. Direct competitor in the Kentucky stallion market with premium pricing strategy comparable to Three Chimneys' top-tier positioning.
- Stonestreet Farm: Lexington, Kentucky thoroughbred breeding and stallion operation owned by Barbara Banke. Direct competitor standing elite sires including Curlin (formerly) and Gun Runner-adjacent bloodlines; competes for the same elite mare owners.
- Calumet Farm: Historic Lexington, Kentucky thoroughbred farm with stallion, breeding, and racing operations. Direct competitor in the Bluegrass region; Three Chimneys COO Tony Cissell previously managed Calumet, reflecting the close cross-pollination of talent between these premier Kentucky farms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Three Chimneys Farms social profiles
Digital presenceThree Chimneys Farms financial estimates
Financial estimateRevenue estimate
Valuation estimate
Three Chimneys Farms leadership team
Management profileNumber of profiles
Three Chimneys Farms funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Three Chimneys Farms M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Three Chimneys Farms
What does Three Chimneys Farms do?
Three Chimneys Farm operates a thoroughbred horse breeding operation in Versailles, Kentucky, standing premium stallions (Gun Runner, Volatile, Newgate, Gun Pilot, Funtastic) at stud, providing breeding shed services and mare submission, and preparing and selling yearlings at major bloodstock auctions. The farm also offers farm tours and racing/bloodstock coordination as part of its full-service equine operations.
Is Three Chimneys Farms a public or private company?
Three Chimneys Farms is a private company. It is classified as family owned and is currently operating.
When was Three Chimneys Farms founded?
Three Chimneys Farms was founded in 1980. It employs 51 to 100 people.
Where is Three Chimneys Farms based?
Three Chimneys Farms is headquartered in Versailles, France, in the Europe region.
How does Three Chimneys Farms make money?
Two revenue lines are on record. Stud Services / Breeding Fees are the primary driver. The others are horse Sales.
Who are Three Chimneys Farms's main competitors?
Direct peers on record are WinStar Farm, Coolmore America (Ashford Stud), Lane's End Farm, Spendthrift Farm, Claiborne Farm, Airdrie Stud, Taylor Made Farm, Hill 'n' Dale Farms, Stonestreet Farm and Calumet Farm.
Does Three Chimneys Farms have an API?
No public API is recorded for Three Chimneys Farms.
What industry is Three Chimneys Farms in?
Three Chimneys Farms's product category is Thoroughbred Breeding Services. Its primary akta.pro industry code is AFAEAGAA, Horse Breeding & Stud Farms, with a secondary code of AFAEAGAB, Stallion Services & Semen Collection/Distribution. Its NAICS code is 11292 and its SIC code is 200.