On December 4, 2018, Spire Sports + Entertainment announced they purchased their charter from the now-defunct Furniture Row Racing.

However, Premium was sold to Rick Ware Racing in 2020, and the team operated out of the RWR shop until season's end.

On August 11, 2020, Spire Motorsports purchased the assets of Leavine Family Racing, allowing them to expand to a two-car operation in 2021.

[6] Following the acquisition, the team moved their headquarters from Mooresville to the former shop of AK Racing in Concord, North Carolina.

[7] On October 7, it was announced that Spire Motorsports had secured a third charter which would be leased to Trackhouse Racing for the 2021 season.

[8] On December 10, it was reported that NASCAR on NBC analyst and former Hendrick Motorsports crew chief Steve Letarte will serve as a consultant for the team.

We remain committed to NASCAR and the Cup Series and we will continue to look for opportunities to grow and compete in the future.

[11] On September 16, 2023, Spire purchased Live Fast Motorsports charter for US$40 million to field a third team in 2024.

[12] Less than two weeks later, on September 27, Spire agreed to purchase the assets of NASCAR Truck Series team Kyle Busch Motorsports.

[13] On December 4, former Chip Ganassi Racing COO Doug Duchardt was named President of Spire Motorsports.

[16] On November 30, 2020, Spire Motorsports announced that Corey LaJoie signed a multi-year agreement with the team starting in 2021.

7 with permission from Tommy Baldwin Racing to pay tribute to Alan Kulwicki and Geoff Bodine.

Following the season opener, however, the team was unable to break into the top 20 until the race at COTA, where LaJoie finished 20th.

On March 15, 2022, crew chief Ryan Sparks was suspended for four races due to a tire and wheel loss during the 2022 Ruoff Mortgage 500 at Phoenix.

[18] At Atlanta, LaJoie led a career-best 19 laps and was on his way to claiming his first career win with two laps to go when Chase Elliott overtook him and blocked him on the high side, causing him to brush the wall and spin before colliding with Kurt Busch and finishing the race in 21st place.

9 at Gateway after Chase Elliott was suspended for one race for intentionally wrecking Denny Hamlin at Charlotte.

[32] In April, NASCAR Xfinity Series regular Justin Haley made his Cup debut with the team at Talladega Superspeedway.

[33] On July 7, the team won their first Cup race in their 18th start at the rain-shortened 2019 Coke Zero Sugar 400 at Daytona, with Haley behind the wheel.

Haley and the team were not eligible for the Cup Series Playoffs but did receive the Daytona winner's check.

27 of Premium Motorsports to secure the highest Open (non-chartered) team in the final point standings.

Haley drove the car for the majority of the season, with his highest finishes being eighth at Indianapolis and sixth at the Daytona night race.

At Nashville, Hocevar spun out Harrison Burton during a caution lap; as a result, he was fined US$50,000 and docked 25 driver points.

[43] On August 31, Hocevar scored the team's best ever starting spot at Darlington, qualifying on the front row in second place.

[48] On November 23, 2021, Spire announced that they would field a team in the Camping World Truck Series in 2022, with Kevin Manion as crew chief.

7 Chevrolet Silverado at Daytona with Kevin Manion as crew chief and sponsorship from United Rentals.

[50] On April 7, William Byron gave Spire its first Truck Series win at Martinsville.

[52] On May 31, It was announced that Rajah Caruth would make his truck series debut at the World Wide Technology Raceway in the No.

A week later, Kyle Busch won at Atlanta in his first Truck race after selling his team to Spire.

[59] On May 21, it was announced that Andrés Pérez de Lara would make his Truck Series debut at Gateway.

77 car in ARCA Menards Series for Corey Day beginning in the season-opener at Daytona.