Originally formed in 1985 as Jackson Bros. Motorsports, its ownership changed hands several times over the years, with three different owners from its beginning to its closure in 2004.

66 ran only one race that year, with IndyCar driver Tom Sneva running at Daytona before dropping out with engine failure.

In 1988, Parsons improved to a ninth-place finish in points, with the highlight of his year coming with his victory at the Winston 500 despite running out of fuel earlier in the race.

In 1989 the team returned to a two-car operation, signing Harry Gant away from Mach 1 Racing with the Skoal sponsorship coming with him.

Phil Parsons also returned to the team briefly following his release from Morgan-McClure, pulling substitute duty for Gant at Bristol Motor Speedway.

During his retirement year in 1994, LJM began grooming his replacement, Robert Pressley, who ran three races for the team in the No.

33 full-time in 1995, where he posted a tenth-place at Bristol, and finished runner-up to Ricky Craven for Rookie of the Year.

33 team, NASCAR's community was shocked when long-time sponsor Skoal announced it would no longer continue its association with the No.

After the team signed Oakwood Homes to be a full-time sponsor for the car, Schrader announced he would leave to pursue other opportunities.

When he returned from his injuries, Nemechek was able to rebound with a victory at Rockingham Speedway and had a respectable 28th-place finish in points.

Unfortunately, Oakwood Homes had financial trouble and backed out as sponsor, and Nemechek left to join Haas-Carter Motorsports as a replacement driver for Jimmy Spencer in the No.

26 Kmart-sponsored Ford (a ride that Nemechek, again, would lose due to Kmart filing for bankruptcy in 2002 and pulling their sponsorship from NASCAR).

[3] The team's fortunes continued to decline as Hamilton, who was struggling intensely, suffered a broken shoulder in a crash.

Ron Hornaday Jr. and Greg Biffle were able to fill in, but despite a tenth-place finish in the season finale, Hamilton was not happy, and he departed to the Craftsman Truck Series to race for his own team taking the Square D sponsorship with him.

The team only started one other race that year, with Paul Menard at Watkins Glen International Raceway, where he finished 29th.

In 2004, Menard and Petree ran in the Busch Series in the hopes of attracting major sponsorship for the team's planned return to the Cup series, but Menard signed a contract with Dale Earnhardt, Inc., and took the sponsorship from his father's company with him.