Rob Bain, chief executive of Octagon Motorsports said: "Silverstone has had a close and very successful working relationship with Sellers Hospitality for many years, which greatly influenced our decision to join forces in the provision of corporate hospitality at the Foster's British Grand Prix."
Barry Day, chief executive of Evenser Group, the parent company of Sellers, added: "The Foster's British Grand Prix is one of the premier events in the corporate hospitality calendar and I am delighted that we are involved with Octagon Motorsports in a long-term partnership agreement to provide their hospitality service to the event."
The financial arrangements of the deal were not disclosed.
