Pabst Racing has been preparing winning race cars since 1983. The Pabst team was started by Augie Pabst Jr., former sports car racing legend from the 1950s and early 1960s who won many races and championships throughout his career. Current President Augie Pabst III (a former driver as well) took over the business in 1991. By 1998 Augie III decided to focus on owning and maintaining a wide variety of winning racecars including SCCA Spec Racer, Shelby Can-Am, 911 Porsche, Ford Mustang GT-1 and primarily Van Diemen Formula 2000 cars.
Winners of the 2017, 2018, 2019 and 2022 USF2000 team championships and the 2023 team and driver championships in both USF Pro 2000 and USF2000, Pabst Racing will again field squads in USF2000 and USF Pro 2000 in 2024.