# McCombs Enterprises

McCombs Enterprises is a Single Family Office based in San Antonio, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** San Antonio, United States
- **Region:** North America
- **Address:** San Antonio, TX, United States
- **Founded:** 1953
- **Assets under management:** Undisclosed
- **Website:** mccombsenterprises.com
- **LinkedIn:** https://www.linkedin.com/company/mccombs-enterprises

## Regulatory record

- **Reports private funds:** No

## About

McCombs Enterprises was founded in 1953 when Red McCombs opened his first automotive dealership in San Antonio. Daughter Marsha McCombs Shields now serves as CEO and Managing Partner. The firm remains wholly owned by the McCombs family and continues to focus on Texas-based operations. The firm maintains five operating divisions. Automotive includes thirteen Red McCombs dealerships in San Antonio. Real estate covers urban redevelopment projects such as the Tower Life Building and coastal communities including Palmilla Beach and The Reserve at St. Charles Bay. Energy holdings date to the 1960s and include production interests in southern states plus international exposure. Direct private equity investments target established businesses that require growth capital. All activity stays within North America. No public AUM figure exists. The firm employs family members and long-tenured executives including Joseph Shields and Gary V. Woods. Philanthropy occurs through the McCombs Foundation, which has distributed more than $175 million to Texas education and health organizations. No operational events from the last twenty-four months appear in available records. The family maintains direct control over both operating companies and investment decisions. This integrated structure allows capital allocation across dealerships, land development, energy assets, and private equity without external fund vehicles.

## Sectors

- Mobility & Transportation
- Real Estate
- Energy
- Private Equity

## People

- Marsha McCombs Shields — CEO and Managing Partner
- Joseph Shields — Executive Vice President

## Questions

### Who runs investment decisions at McCombs Enterprises?

Marsha McCombs Shields serves as CEO and Managing Partner. Joseph Shields holds the role of Executive Vice President. Gary V. Woods has been President since 1979.

### Does McCombs Enterprises participate in fund commitments or only direct deals?

The firm makes direct private equity investments in established businesses. It does not disclose participation in external fund commitments.

### What asset classes does McCombs Enterprises deploy into?

Capital flows into automotive operations, real estate development, energy production, and direct private equity. Geographic focus remains North America.

### Does McCombs Enterprises maintain philanthropic structures?

The McCombs Foundation distributes funds to Texas education, health, and nonprofit organizations. Cumulative giving exceeds $175 million.

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- [M+ Capital Advisors](https://altss.com/profile/m-capital-advisors)
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Last updated: 2026-08-10T15:54:10.904Z

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