That's correct about Craig. But he's just the Flying Lizard's chief engineer. He doesn't own Flying Lizard, nor is he even mentioned as part of the team..
The only thing SmartRacing I see at Flying Lizard is the SmartStrings
Car Racing Apparel, Porsche Apparel, Merchandise | Flying Lizard Motorsports
That's a shame, because SRP provided a lot of nice stuff for the older cars.