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AFS Racing is owned by California native Gary Peterson who fielded his first  Firestone Indy Lights entry as owner/driver of AFS Racing, Inc., in 2002.

AFS Racing earned its two Firestone Indy Lights race victories in 2006 with driver Alex Lloyd and another in 2007 with Wade Cunningham, who also scored the team's first two poles and its highest-placing in the championship as a single entrant. AFS Racing joined forces with Andretti Autosport and fielded the championship-winning entries of J.R. Hildebrand in 2009 and Raphael Matos in 2008. From 2008-10, combination of AFS Racing/Andretti Autosport scored two Firestone Firehawk Cups as series champions, 11 race wins and 15 pole positions.

Peterson founded AFS Racing in order to promote Automatic Fire Sprinklers, Inc.'s brand name and pursue the various sponsorship and driver offers received during the inaugural Firestone Indy Lights season in 2002. A former driver, Petersen began racing in the deserts of the Southwest and Mexico in such events as the Baja 100. He moved into Indy car racing and competed in the Toyota Atlantic series for almost a decade.

AFS Racing/Andretti Autosport Year-by-Year Results  

AFS Racing/Andretti Autosport Driver Year-by-Year Results

AFS Racing Year-by-Year Results

AFS Racing Driver Year-by-Year Results