The now defunct Sprint Cup Series Team Xtreme Racing may finally have some closure after a team truck and trailer was stolen in February.

The team took to their Twitter account Monday afternoon to announce the man arrested for the theft, Jason Terry, pleaded guilty.

Team owner Johnathan Cohen confirmed to FOXSports.com he learned of the guilty plea from the district attorney's office, but did want to make any further statements on the issue.

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The original incident occurred on Feb. 27 when the team's truck, trailer and No. 44 Sprint Cup car were stolen from a Georgia hotel parking lot. Police found the team's Chevrolet Sprint Cup car the following day, while the truck was also later found. The trailer and spare racing parts were not found when the Morrow (Georgia) Police Department issued a warrant for a person of interest on March 9.

On March 12, news broke that Cohen faced legal issues of his own. The team withdrew from the March 29 race at Martinsville Speedway and has not attempted another race since.