Following weeks of speculation, it appears that Petty Enterprises has merged with Gillett Evernham Motorsports.
Terms of the deal have yet to be disclosed, but the agreement is said to have been reached on Christmas Eve. An announcement is expected next week.
Following the merger, Reed Sorenson is expected to drive the famed No. 43 car fielded by the team.
It was also recently announced that AJ Allmendinger would be replacing Elliott Sadler at GEM next season. No word on Sadler’s future, but he is rumored to be headed to Earnhardt Ganassi Racing.