The NASCAR Cup Series team, formerly known as JTG Daugherty Racing, is now Hyak Motorsports and it has a new majority owner. Gordon Smith is now the majority owner, alongside co-owners Brad Daugherty, Mark Hughes and Ernie Cope, and Ricky Stenhouse Jr. will continue to drive the No. 47 Chevrolet Camaro next season.

The NASCAR Cup Series team will now be known as HYAK Motorsports, with Gordon Smith remaining as the team's principal owner. Brad Daugherty, Mark Hughes and Ernie Cope also have stakes in the team. HYAK Motorsports has fielded cars in the NASCAR Cup Series since 2006.

Daugherty has been part of various NASCAR team ownership groups since the 1990s and Smith was brought on prior to the 2016 season. Also Read:: Making sense of Kroger, Ryan Preece,