Sam Mahrouq arrives in the USA from Jordan.
Sam buys and sells his first car to help fund
his studies.
Sam graduates from University of Texas at Arlington School of Business.
Mahrouq Enterprises International (MEI) is incorporated.
First car lot purchase: AutoMax Sales. In 2001, AutoMax building is acquired at 200 North Collins, Arlington.
Retail sector expands with several new car lots.
MEI enters the insurance business with ZR Enterprises
(captive insurance company).
MEI Auto Finance is incorporated. MEI purchases first corporate office at 711 East Division Street, Arlington.
Global markets collapse. Business transitions to offer inhouse financing. Some locations close but Dollar and AutoMax remain open.
MEI adds eighth BHPH dealership. Business expands with Budget (later rebranded as Dollar Car Sales).
MEI portfolio adds real estate and finance sectors. Auto business transitions to in-house sales, and another BHPH dealership opens.
2010 to 2013: MEI's portfolio size doubles to $25 million, 1911 E. Division building acquired, and by 2015 the portfolio reaches $100+ million.
iKon Technologies is formed.
1161 Corporate Drive West (HQ) purchased. Portfolio grows to $190 million.
National Lenders General Agency is founded. Empire Indemnity Insurance Company Risk Retention Group, Inc. is incorporated. MEI acquires Moon River Ranch resort in Satin, Texas.
Empire Indemnity Insurance Company RRG becomes profitable, and MEI grows to 600+ employees.
Sam Mahrouq honored on University of Texas Wall of Fame
Caravan Court Hotel opens. Owned by Sam Mahrouq. Managed by the Valencia Hotel Collection.