In 1994 the team signed 1990 Indy 500 champion Arie Luyendyk who had been let go by Chip Ganassi Racing.
Luyendyk got the team into its first Indy 500 with 8th on the grid but was knocked out by an engine failure 11 laps from the finish.
In 1995 the team only ran Indy Lights except for an unsuccessful attempt to qualify for the 1995 Indianapolis 500 with driver Franck Freon.
They returned the following year with inexperienced rookie Cory Witherill who made an improbably successful bump day run to get the Regency machine into its 3rd Indy 500.
[1] The team participated in Toyota Atlantic in 2002 after Indy Lights' demise[2] and apparently shut down shortly thereafter.