Richard Lipscomb ’68
The Lipscomb Delt Legacy
As Told by Rik Lipscomb ’91
My dad, Richard Lipscomb ’68, grew up in the small north Texas town of Nocona. He initially committed to pledge Phi Gamma Delta before he figured out what a bunch of schmucks they were and pledged Delt because they were “his kind of small town country guys.” The Delts were a well-rounded, academically respected group. His favorite memory was the summer he lived at the Shelter, enjoying the coke machine they’d converted to a free vending beer dispenser and waking up one morning to find a canoe from Town Lake stuck in the stairwell.
Richard graduated from UT with an accounting degree in 1968. After working as an accountant for about eight years, he left his position as controller at Colonial Country Club in Fort Worth to start buying and selling new and used cars. The Chevrolet Oldsmobile dealer in Nocona called in 1979 and he bought the dealership in his hometown in June of that year. He enjoyed success despite challenges presented by the sky-high interest rates and oil bust of the early ’80s. At GM’s request, he purchased the Bowie point in 1989 and added Buick and GMC trucks, along with Chevrolet, to Lipscomb Auto Center. In late 1992, Richard was wrapping up construction of a new facility on Hwy 287 when I joined the operation after a couple of years spent with the Texas Rangers Major League Baseball operation. In 2006, we acquired both the Chevrolet and Ford dealerships in Burkburnett, Texas, 15 miles north of Wichita Falls on the border with Oklahoma. In the last year, we’ve also added a location in Lawton, Oklahoma, as well as a KTM motorcycle and Arctic Cat ATV and UTV store in Wichita Falls with a full-service insurance operation set to open within all five locations in September. The dealership operations retail 350 to 400 new and used vehicles a month.
My dad has always put the customer first and has gone over and above to do whatever he could to take care of them. I can recall the time he repurchased a Chrysler product back himself that Chrysler wouldn’t stand behind. That kind of service kept that customer for a lifetime and is just one of many examples of our philosophy of putting the customer first, but we know to do that, we have to have great employees and take care of those too.
My brother, Kelly ’01, provides all the advertising and marketing support for the operation from his Ads in Gear advertising agency based in Austin, Texas. Kelly also operates Widespread Creative, a production company also based in Austin, producing or assisting in the production of everything from Pepsi commercials, episodes for the Longhorn Network on ESPN, to the recent “American Daredevils” series broadcast on the History Channel.
I feel fortunate enough to be able to follow in dad’s footsteps. Fortunately, as a legacy, the Delts had to let me in, but I think neither Clark nor Kelly needed to play that card. I live in Wichita Falls with my wife, Shaye, and daughters, Carson (10) and Dani (5). I enjoy the time spent raising our daughters, flying my Cessna Turbo 182RG, cruising the ’69 Camaro, and riding dirt bikes at every opportunity.
Clark left for Aspen, Colorado, shortly after leaving UT and hasn’t looked back. He has made a successful career in real estate, and lives with his wife, Meredith, daughter, Liz (10), and son, Mason (5).
Richard spends a good portion of his time acquiring more classic automobiles and working on his extensive collection of mostly ’50s and ’60s Chevrolets, Buicks, and Oldsmobiles, among many others. He also enjoys spending time on his ranch adjoining the Brazos River between Weatherford and Granbury, as well as the residential development nearby that features large river front home sites, not to mention a fly-in community with a paved runway. Richard lives in Fort Worth with his wife of 47 years, Carol, a Chi Omega from UT.