Operations

Industry Loses Bennie Lee Beal, Jr., a Houston Operator

Posted on May 9, 2007 by LCT Staff - Also by this author - About the author

HOUSTON — Bennie Lee Beal Jr., a Houston businessman who owned what was once the largest black-owned limousine service company in Texas, died April 29 of congestive heart failure. He was 64.

"Bennie Beal was an adventurer," said his wife, Lillie. "Everything he started with, he was going to do well."

Before Bennie Beal started his limousine enterprise, he and his wife both drove cabs to put their son and daughter through college. "He would drive at night and I would drive during the day," she said.

In 1992, the couple launched Beal's Town Car and Limousine Service; they partnered with Enron, the one-time energy giant, seven years later. Beal sold 37% of the company for $300,000 to Enron Economic Development Corp., a subsidiary that invested in minority and women-owned businesses.

Beal said he was reluctant to open his business to an outside investor, according to a 1999 Chronicle article about the investment deal. "This is a family-owned business," he was quoted as saying in the story, "and I didn't want to do anything that would sabotage my chances of passing it down to my children."

The Sept. 11 attacks and Enron's collapse almost drove Beal into bankruptcy, but his company remains afloat, albeit with a smaller fleet of cars. Lillie Beal would not say how many the company now owns.

"We started off with two cars," Lillie Beal said, "and we ended up with 16. But we went down when Enron went down. Now, we're starting back up, everybody needs a car."

Source: Houston Chronicle

View comments or post a comment on this story. (0 Comments)

More News

Uber Extends Sexual Harassment Probe

The TNC faces more pressure over the results of its review, particularly after the scandal that ousted Fox News' Bill O'Reilly. 

 

Only 4% Of Uber Drivers Stay A Year Or More

Retention is an even worse problem for the TNC than for the taxi and limo industries.

New Jersey Operators Are Perfect Mix Of Old And New

eNews Exclusive: The co-owners of First Choice Limousine play to their strengths to create a blend of traditional customer service with an understanding of the Millennial mentality.

Pot Party Bus Operator's Revenues Surge 66% In Past Year

Colorado Cannabis Tours takes around 200 people each weekend in the marijuana "Napa Valley" of the U.S.

Uber Officially Lost $2.8 Billion In 2016

In the fourth quarter, the TNC both increased its bookings and upped its losses, according to a recent report.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - April 2017 $12.95 F&I / SPECIAL EVENTS ISSUE COVER STORY: * Don't Panic: Confronting Worst Fears - Fleet Risks * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close