Spire Motorsports said Tuesday it has purchased the NASCAR charter and assets of Leavine Family Racing, which is closing its team at the end of this season.

BROOKLYN, MICHIGAN – AUGUST 09: Christopher Bell, driver of the #95 Procore Toyota, drives during the NASCAR Cup Series Consumers Energy 400 at Michigan International Speedway on August 09, 2020 in Brooklyn, Michigan. (Photo by Jared C. Tilton/Getty Images)

READ MORE: Man Injures Neighbor's Dog After Firing Shots Into Home During Dispute

The purchase of the No. 95 from Bob Leavine gives Spire a second guaranteed spot in Cup Series races, the Leavine race shop, and all inventory owned by that organization. Leavine is currently in a technical alliance with Joe Gibbs Racing, so all its current cars will be returned to Gibbs at the end of the year.

Spire will expand to two cars in 2021 and operate out of the Leavine race shop in Concord, North Carolina. Spire has made 58 Cup starts using more than a dozen different drivers. The team did not announce who will drive its cars next season or which manufacturer it will join.

CHARLOTTE, NC – MAY 17: Quin Houff, driver of the #77 Spire Motorsports Chevrolet, practices for the Monster Energy NASCAR Cup Series All-Star Race and the Monster Energy NASCAR Cup Series Open Race at Charlotte Motor Speedway on May 17, 2019 in Charlotte, North Carolina. (Photo by Jared C. Tilton/Getty Images)

“This is an exciting moment for Spire as we take the natural next step in our long-term plan to build our race team,” said Spire Motorsports co-owner Jeff Dickerson.

READ MORE: Dive Teams Searching For Man Who Didn't Resurface At Lake St. Clair

Spire is owned by Dickerson and T.J. Puchyr, two industry veterans who have moved from driver and sponsor representation into team ownership. The team scored a victory in its first season when Justin Haley was a surprise winner at Daytona in July 2019.

Spire got into the Cup Series by purchasing a charter from Furniture Row Racing when that team closed at the end of 2018. Both Furniture Row and Leavine were partners with Gibbs and the organizations both chose to fold when operating costs became too burdensome.

DAYTONA BEACH, FL – FEBRUARY 13: Eddie Wood, owner of Woods Brothers Racing talks with Bob Leavine, owner of Leavine Family Racing during practice for the NASCAR Sprint Cup Series Daytona 500 at Daytona International Speedway on February 13, 2016 in Daytona Beach, Florida. (Photo by Jeff Zelevansky/Getty Images)

Leavine had hoped the introduction of the Next Gen car in 2021 would cut costs and allow him to stay in business, but the coronavirus pandemic has delayed the new car until 2022. Dickerson believes Spire can still successfully build a two-car operation.

“These are no doubt trying times, but I have never been prouder to be part of this sport,” Dickerson said. “NASCAR has managed several difficult situations this spring and into the summer. We believe in the ownership model that NASCAR has built and where this sport is going now more than ever.”

MORE NEWS: University Of Michigan Names Brandon Naurato As Interim Hockey Coach After Mel Pearson's Exit

© 2020 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.