Although Hall W. Thompson is a native of Tennessee, he has become a distinguished business leader in Alabama during the last thirty-five years. He is the retired Chairman and Chief Executive Officer of Thompson Tractor Co., Inc., which he founded in 1957, and is currently President of Thompson Realty Co., which he established. in 1959.
One of four children of the late DeWitt C., Jr. and Mary (Gibson) Thompson, Hall W. Thompson was born in Nashville, Tennessee, on May 28, 1923. After graduating from Duncan Preparatory School in Nashville in 1941, he attended Vanderbilt University until called to serve his country in World War II. From March 1943 until January 1946, he served with the United States Army Air Corps in the Pacific.
Returning to Nashville in 1946, he again entered Vanderbilt, while at the same time assuming responsibilities at General Truck Sales, a company founded by his father. During his 12 years with General Truck Sales, the nation’s largest privately-owned GMC truck outlet, he served in all facets of the company and left the Tennessee business while serving as its Executive Vice President and General Manager.
In 1957, he acquired the North Alabama dealership for Caterpillar, Inc., the world’s largest manufacturer of earth-moving and construction equipment, and a major supplier of diesel and natural gas engines and gas turbines. Thompson Tractor Co., Inc., became an Alabama corporation and established its headquarters in Birmingham.
Under Hall Thompson’s leadership, the firm would become one of the most successful Caterpillar dealerships in the nation. Building on the philosophy that customers consistently do business with firms dedicated to customer service, Thompson recruited an outstanding team of people, at one time totaling nearly 600, and set standards by which most Caterpillar franchises were then and are today measured.
Of particular significance in his career, according to Hall Thompson, was his part in convincing local and state banks that firms engaged in highway construction and in mining the coalfields in Alabama deserve significant support.
When Thompson Tractor Co., Inc. was established, Alabama was just beginning to use funds provided by the Highway Defense Act of 1956 (an Eisenhower program that authorized over $50 billion for construction of the nation’s highways). He found that banks at that time had shown no interest in investigating what was happening in two of the major markets that Thompson Tractor Co., Inc. would serve.
Thus, in 1958, he invited all the CEOs of Birmingham area banks to “spend a day with him in the highway industry.” The day began with breakfast at the old Tutwiler Hotel and ended with a dinner party at the Birmingham Country Club.
The main event of the day was a scenic tour through rural areas to several interstate highway projects in Blount and Cullman counties to let bankers see first-hand what ultramodern machinery would accomplish in completing Alabama’s portion of the highway program. He gave bankers a first-hand view of exactly what lay ahead for construction companies and what these companies would need in capital to accomplish these large projects if Alabama businesses and Alabama jobs were to be created. In effect, Hall Thompson set the stage that would lead to major bank participation and ultimately solve the problems that faced the contractors. He made similar efforts in the mining industry-an “iffy” opportunity for bankers when coal prices were very low, but an entirely different picture as the mid-70’s oil embargo sent coal prices soaring.
Unusual growth in construction, mining, and other industries throughout the state brought a change in the 37 counties in North Alabama. Thompson Tractor Co., Inc. facilities were built in Anniston, Decatur, and Tuscaloosa, and additional people were hired to meet rapidly expanding needs. Hall Thompson says that he was fortunate, as are most successful leaders, to have had his timing right and to be on the scene when rapid growth in all industries was taking place.
Thompson Tractor Co., Inc. today markets earth-moving equipment through its tractor division; provides complete product and product support offerings of Caterpillar and Crown through Thompson Lift Co.; and provides CAT diesel engines and power systems for prime and standby power for any application through Thompson Power Systems.
Under the leadership of Hall Thompson’s son, Michael, who became President and Chief Executive Officer in 1986, Thompson Tractor Co., Inc. has continued the tradition of excellence and service fostered by its founder.
In 1987, the company became the authorized Caterpillar Dealer for South Alabama and the panhandle of Florida. The firm has also added to its “full-service” and “mini-service” branches.
The corporate headquarters and main operations are still in Birmingham. “Full-service” branches are located in six Alabama cities and one in Florida. The company has three “minibranches” in Alabama and one in Florida.
A dedicated golfer, Hall Thompson fulfilled a longtime goal by finding the perfect property on which to construct a superior golf course. A combination of his extensive background in golf, a magnificent piece of property, and the expert assistance of Jack Nicklaus developed the course now known as Shoal Creek. The course has gained national and international recognition in the world of golf and has hosted three national championships. In 1985, “Golf Digest” ranked Shoal Creek as the 14th finest golf course in America while elevating it to #3 in the quality of turfgrass found on courses throughout the country.
Hall Thompson is pleased that Shoal Creek has become an example to other clubs in the community to provide their membership with superior facilities. The support of the golf tournaments at Shoal Creek also did much to encourage entrepreneurs to build quality courses on which the daily fee golfer can play. The number of jobs created in the construction and maintenance of these facilities has been significant.
Taking a leaf out of his father’s book, Hall Thompson became very active in community affairs when he moved to Birmingham. An early membership in the Monday Morning Quarter back Club led to substantial involvement in many facets of community life.
He has served on a number of corporate boards, including AmSouth Bank, South Central Bell, BellSouth Telecommunications, Protective Life Corporation, and Alabama By Products Corp. He is a past director of both the Birmingham Chamber of Commerce and the State Chamber of Commerce as well as the Associated Industries of Alabama. He is currently a member of Vanderbilt University’s Board of Trustees.
He became active in politics at the county, state, and national levels because he believed then, and still believes, that business people should have a voice in shaping the future of the nation. He became a Republican when, he has said, “it wasn’t all that popular to be so identified.” While never a candidate for office, he has served several candidates as a major fundraiser, and in one instance, as a state-wide campaign manager.
Hall Thompson has received well-deserved recognition for his leadership in business and community affairs. In 1978, he received an honorary Doctor of Law degree from the University of Alabama in Birmingham. In August 1982, he received an honorary Doctor of Humanities degree from Samford University. He has also received the Algernon Sydney Sullivan Award from Judson College and was honored by the Alabama Sports Hall of Fame as Alabama’s first Distinguished Sportsman.
He and his wife-the former Lucille (Lucy) Ryals of Rhine, Georgia-have three sons, two daughters, and eight grandchildren.
