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McCombs Enterprises. Company Overview. Introduction. McCombs Partners serves as the investment management division of McCombs Enterprises, the family office of Red McCombs. - PowerPoint PPT Presentation
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CONFIDENTIAL - DRAFT
2
Introduction
Red McCombs is the founder of the Red McCombs Automotive
Group, a co-founder of Clear Channel Communications, a former
owner of the San Antonio Spurs, Denver Nuggets, and the
Minnesota Vikings, and the namesake of the McCombs School of
Business at the University of Texas at Austin
He is a long-standing member of Forbes magazine’s top 400 richest
Americans and has owned nearly 400 businesses during his career
In addition to the automobile and sports businesses, McCombs is a
successful developer of real estate, has built a successful oil and gas
energy company, and is an astute private equity / venture capital
investor
McCombs Partners serves as the investment management division of McCombs Enterprises, the family office of Red McCombs
CONFIDENTIAL - DRAFT
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Timeline of Red McCombs’ Career
1927
Red McCombs was born in Spur, TX
2010
Announced financial backing for bringing Formula One to Austin, TX
1950
Opened first Ford dealership in Corpus Christi, TX
Mid-1960s
Partnered with Bill Forney and entered into the Energy E&P business
1998
Forney & McCombs consolidated into McCombs Energy
2000
Pledged $50MM to the University of Texas for the newly named McCombs School of Business
1940s
Attended Southwestern University, served in the Army, and attended business and law school at the University of Texas
1958
Moved to San Antonio and formed Red McCombs Automotive
1972
Co-founded, with the Lowry Mays family, a radio station that, in time, became Clear Channel Communications
1997
Red McCombs and Bart Koontz joined forces in 1997 to form Koontz McCombs
1998
Purchased Minnesota Vikings
1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s
1972
Purchased San Antonio Spurs (bought the team a second time in 1988)
1982
Purchased Denver Nuggets
CONFIDENTIAL - DRAFT
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McCombs Enterprises Organizational Chart
McCombs Enterprises
Automotive / Retail
McCombs Energy Real Estate McCombs
Partners
McCombs Foundation
CONFIDENTIAL - DRAFT
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McCombs Automotive / Retail
His career began in 1950, and since then he has owned and represented
almost every brand of vehicle
─ The operations have included retail dealerships as well as importation
and distribution of Japanese and Korean vehicles
McCombs Automotive ranked 6th in the U.S. in sales in 1998, exceeding
$1.7 billion in revenues, with more than 100 locations
In addition to serving two terms as Chairman of the Ford Dealer Council,
and consistently ranking in the Top 100 Dealers in the United States,
McCombs has also been inducted into the National Automobile Dealers
Association Hall of Fame
Each of his auto dealerships has earned national recognition awards for sales
and service excellence
McCombs is recognized as one of the leading automobile dealers in the United States
CONFIDENTIAL - DRAFT
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McCombs Energy
Red McCombs has been active in the oil industry for over 50 years,
however, his significant commitment to the exploration and production
areas of the industry began in the mid 1960's during his early business
relationship with Bill Forney
Eventually, McCombs’ long-standing partnership with Mr. Forney evolved
into Forney & McCombs, and on January 1, 1998, the separate oil and gas
assets of Forney Oil and McCombs were consolidated into McCombs
Energy
McCombs Energy engages in both onshore and offshore oil and gas
exploration and production from New Mexico to Florida
The company actively reviews many exploration ideas and prospects
generated by independent geologists and other companies, and also invests
directly as a working interest owner with other companies that operate
McCombs Energy is a privately owned oil and gas exploration and production company that is based in Houston, Texas
CONFIDENTIAL - DRAFT
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McCombs Real Estate
McCombs has participated in over $1.5 billion of real estate transactions in the past
10 years
McCombs’ properties include apartment residences, condominiums, office
buildings, resorts, and land development
McCombs’ real estate group also includes Koontz McCombs, a multi-faceted
commercial real estate development, construction and brokerage firm established in
1997 and based in San Antonio, TX
─ Koontz McCombs currently has active projects in San Antonio, Austin and
Houston and has been involved in the development, acquisition or
construction of over 5,000,000 square feet of commercial property
─ These properties range from office, industrial/flex space multi-family projects
and single tenant retail to build-to-suits for some of the nation’s leading
businesses
McCombs is a successful investor and developer of real estate
CONFIDENTIAL - DRAFT
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McCombs Partners
The core focus of McCombs Partners is assisting emerging growth companies with mergers
and acquisitions, raising capital, and providing restructuring services
Our portfolio includes leaders in everything from a super-premium, organic tequila to the
Circuit of the Americas, which will be the first purpose-built Grand Prix facility in the United
States
McCombs Partners is driven to succeed by following a simple investment and operating
strategy
1) Invest in smart ideas, well-positioned opportunities and great people
2) Leverage our experience, expertise and relationships to develop partnerships and
accelerate growth opportunities for our partner companies
3) Provide our partner companies with the required resources, both financial and strategic,
to ensure success
4) Maximize the opportunities and challenges of each day through the words and actions
of Red McCombs: “Expect to Win, Prepare to Win, Execute to Win”
McCombs Partners provides investment capital and advisory services to investors in private technology, consumer and industrial businesses
CONFIDENTIAL - DRAFT
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Financial Services Portfolio Companies
Owner: Jim BlasiusLocation: Southfield, MIDescription : Autovest is a specialty investment company
acquiring distressed consumer finance and automotive loans. Operating throughout the United States, Autovest specializes in the collection of bankrupt, post-charge
off and judgment accounts through an in-house collection platform which has outperformed that of its competitors for nearly 20 years.
Founders: Roy and Bertrand SosaLocation: Austin, TXDescription : The Company has built a global network designed
specifically to innovate cutting-edge, end-to-end payment solutions that bring financial empowerment to underserved markets.
Autovest, LLC
Rêv Worldwide
CEO: Jack NelsonLocation: San Antonio, TXDescription: Propel Financial Services, LLC is a specialty finance
company founded in 2007. Propel’s primary focus is property tax refinancing for commercial and
residential properties. Through partnerships, originations, and acquisitions, Propel has quickly become the market
leader in property tax refinancing. Propel differentiates itself from other property tax finance companies by its
competitive rates, flexible refinancing options, and efficient processes.
CEO: Bob WenschenkLocation: Des Moines, IADescription : SmartyPig is an online banking platform that allows
customers to open goal-based savings accounts. The Company has enjoyed tremendous growth having
drawn in more than $350 million in U.S. deposits to date without any advertising expenditures. Beyond the United States, the company launched its international banking platform in 2009.
Propel Financial Services, LLC
SmartyPig
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Automotive Technology Portfolio Companies
CEO: Stuart LloydLocation: Plano, TXDescription : ClickMotive is the only company to deliver the
powerful combination of website design, video, dynamic search, and Mobile websites – in a single product, on a single
platform, for one low cost, using 100% in-house technology. ClickMotive services some of the most recognized names in the auto industry, including
Toyota, Ford, American Honda, AutoNation, and thousands of individual dealers and groups. Led by the former owners of Third Coast Media and the former Vice President of RWS, ClickMotive combines powerful tech savvy with years of experience at all levels of the automotive industry.
ClickMotiveOwnership: Acquired by Autotrader.com in 2010Location: West Chester, PADescription: HomeNet Automotive helps the automobile industry
save time and sell more vehicles. It is the leading provider of inventory merchandising, management
and marketing services, led by its flagship product, Inventory Online (IOL) Internet Marketing Suite. IOL is a web-
based vehicle marketing solution that helps tens of thousands of automotive dealers to engage buyers
online and bring them into the showroom ready to buy by streamlining the process of converting raw vehicle
data into consumer-friendly and emotional online ads. With 135 employees, HomeNet has garnered a spot on the “Inc. 1000” for the second year in a row, its third recognition by the prestigious magazine in as many years.
HomeNet Automotive
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Security Portfolio Company
Xe is the pre-eminent global provider of training and technical services focused on counterterrorism, forced
protection, law enforcement and security operations
Across its four vertically integrated business divisions – domestic training, international training, security
services and logistics – Xe serves the U.S. Department of State, the U.S. Department of Defense, U.S. Navy,
numerous law enforcement and intelligence organizations/agencies, and select commercial customers
Xe’s proven ability to provide turnkey, end-to-end training and technical services, along with its unmatched
track record of exceptional performance, has enabled the company to establish a competitive advantage well
recognized by its customers
Founded in 1997, with concentrated focus on delivering unique and customized training to the special
operations community, Xe has grown quickly over the past ten years, while significantly diversifying its
service offering, to become the premier provider of stability services and training through innovation,
delivery efficiency and strong mission accountability of all Xe team members
Headquartered in Moyack, NC, Xe employs approximately 435 full-time and 135 part-time employees
─ The vast majority of these employees are based in Moyock and directly support Xe’s training efforts
─ Xe also utilizes approximately 700 U.S. independent contractors as trainers and security professionals
for overseas contract execution
Xe Services LLC
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Formula One Investment
Circuit of the Americas will be a world-class destination for performance, education and business
It will be the first purpose-built Grand Prix facility in the United States designed for any and all classes of
racing, from motor power to human power, and be the U.S. home to both the Formula 1 and MotoGP Grand
Prix World Championships
The Circuit of the Americas master plan features a variety of permanent structures designed for business,
education, entertainment and race use
─ Its signature element will be a 3.4-mile circuit track with capacity for 120,000 fans
─ Other support buildings will include a medical trauma and care training facility, 14 executive meeting
suites, a conference center, a banquet hall as well as an expansive outdoor live music space
─ Future proposed amenities include a driving/riding experience, a motorsports driving club, kart track,
grand plaza event center and tower, and a trackside recreational vehicle park
Circuit of The Americas is ideally situated on a 1000-acre site in southeast Austin, approximately two miles
from Austin Bergstrom International Airport, with scenic views of downtown
In 2010, the Texas Comptroller’s office estimated that an Austin F1 United States Grand Prix race could
generate a total economic impact approaching $300 million annually in Central Texas
Circuit of the Americas
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Other Portfolio Companies
Commerce Capital Partners San Antonio, TX
Datavision ResourcesCarlisle, IA
Dulce Vida SpiritsAustin, TX
Emergent Technologies, Inc.Austin, TX
Digital BlueAtlanta, GA
Genteral LEDSan Antonio, TX
Media ExcelAustin, TX
Patton Medical DevicesAustin, TX
QT TechnologiesDallas, TX
MPOWER VenturesAustin, TX
San Jacinto PartnersDallas, TX
The Lynd CompanySan Antonio, TX
W Capital PartnersAustin, TX
TouchTunes Interactive NetworksNew York, NY
Hal Jones DevelopmentAustin, TX
Shoutz Inc.Austin, TX
NRC Group, LLCSan Antonio, TX
NRC Group
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Corporate Growth and Development
While McCombs Partners invests in a range of different industries, we look for businesses with
a common set of characteristics:
─ Scalable business models
─ Favorable industry dynamics
─ Pricing power
─ High gross margin
─ Strong free cash flow generation
─ Stable regulatory environment
─ Located in a well-educated country with a competent and receptive work force
─ Sufficient natural resources and infrastructure to sustain business growth
─ Access to water, roads, telecommunications, IT, etc.
McCombs Partners has a strong track record of working closely with our partner companies to optimize growth and unlock long-term value