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Hall Capital’s Automotive Affiliate Acquires Assets of California-Based Tracy Industries

Acquisition Allows The Fred Jones Companies to Expand to West Coast Markets

April 6, 2016 – Oklahoma City – Hall Capital announced today that its automotive affiliate, The Fred Jones Companies, has closed on a major acquisition of assets held by Tracy Industries, a parts distribution company that services Ford and Fiat Chrysler Automobiles (FCA) dealers. Operationally, the new Tracy assets will be added to The Fred Jones Companies’ existing automotive parts distribution business, Fred Jones Enterprises.

The acquisition brings Ford parts distribution assets in southern California, southern Nevada, and Arizona under the Fred Jones Enterprises banner. Fred Jones Enterprises will also take over Tracy’s FCA automotive parts distribution business in the same geographic areas, as well as the FCA distribution rights in states currently serviced by Fred Jones Enterprises.

The acquisition is part of The Fred Jones Companies’ growth strategy. By acquiring Tracy’s assets and adding them to Fred Jones Enterprises, it is gaining access to west coast markets and expanding its distribution territory to almost the entire southern United States.

“Tracy Industries is a long-running family-owned operation much like Fred Jones Enterprises, and we welcome the Tracy personnel to the Fred Jones and Hall Capital family,” said Fred J. Hall, Chairman & CEO of Hall Capital. “We are excited to be able to expand our services to Ford and Fiat Chrysler Automobiles dealers on the west coast while also adding Fiat Chrysler Automobiles dealers to our existing south-central and southeastern territories.”

The acquisition includes the distribution rights, inventory, equipment, employees and warehouses in Los Angeles, Phoenix and Las Vegas. In 2015, the Tracy Industries Ford assets generated $63 million in sales to approximately 270 Ford dealers, while the Tracy Industries FCA assets generated $26 million in sales to approximately 600 FCA dealers.

Tracy Industries simultaneously sold other assets in northern California, northern Utah and Hawaii to another party.

The Fred Jones Companies is the automotive affiliate of Hall Capital. Through this platform, Hall Capital continues a century-long legacy of leadership in the automotive industry. Fred Jones Enterprises, part of the portfolio of The Fred Jones Companies, is a Ford Authorized Distributor of Ford Remanufactured powertrain and Motorcraft powertrain assemblies providing distribution across most of the south-central and the southeastern United States.

About Hall Capital

Hall Capital is a family-owned private investment company with offices in Oklahoma City, Nashville, Chicago and Dallas. Its roots extend back to legendary automotive pioneer Fred Jones’ first enterprise in 1920. Today, led by Jones’ grandsons – Fred Hall, Kirkland Hall, and Brooks “Boots” Hall – Hall Capital is home to a diversified collection of business interests focused on private equity funds and investments in the real estate, automotive and oil & gas sectors. The company continues a long legacy of service to the community through the Fred Jones Family Foundation. For more information, visit Hall-Capital.com.

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