CFH Racing was co-owned by Ed Carpenter, the only owner/driver in the IndyCar Series, Sarah Fisher, nine-time Indianapolis 500 starter and the first woman to win a pole position for a major open-wheel event, and Kansas businessman Wink Hartman.

On August 16, 2014, NBCSN journalist Robin Miller reported that Ed Carpenter would merge his team with Sarah Fisher Hartman Racing, whom he had raced for in 2011;[1] the two teams officially announced the merger at the Milwaukee Mile a week later.

[2] The next day, SFHR driver Josef Newgarden was re-signed to a one-year extension to race with CFH.

[4] The team made its debut with Carpenter driving in testing for the Firestone Tire and Rubber Company at Indianapolis Motor Speedway from September 23–24, followed by a session at Mid-Ohio Sports Car Course with Newgarden and Mike Conway.

[6] On February 23, Newgarden acquired sponsorship from Century 21 Real Estate for the Indianapolis 500, and his number was changed from No.