A History of Racing, Business Success and Responsibility
Thomas E. Malloy
Tom Malloy was introduced to automobile racing at an early age by his father, Emmett J. Malloy. In 1946, the senior Malloy built a racetrack in Gardena, California called Carrell Speedway. During the 1940’s and ‘50s he owned race cars driven by racing greats such as Bill Vukovich, Troy Ruttman, Jimmy Reese and Rex Mays competing at Carrell and tracks around the country, including the Indy 500. Young Tom Malloy spent a fair share of his time at the races, sparking a long love affair with motorsports that has culminated with plans to build a racetrack of his own.
Malloy grew up in Southern California, graduating from Loyola High School in Los Angeles in 1957, and from the University of San Francisco in 1961 with a Bachelors degree in finance. By the time he finished college, Malloy married Sharon, his wife of 49 years (and counting). They have four children (three work in the family business; one tours the country with his rock band) and seven grandchildren.
After working for a Torrance, Calif. construction firm in the early ‘60s, Malloy joined his father’s construction equipment business. In 1963, the young entrepreneur started Malloy Equipment Rental which would evolve in 1973 to become the Trench Shoring Company. The new company expanded to manufacture and rent safety devices for trenches and currently boasts eight locations throughout Southern California plus one in Las Vegas. Malloy also operates a separate metal fabrication business called Select Fabrications; more recently he purchased Ed Pink Racing Engines, Inc., a Van Nuys, Calif. firm with a long and successful history in the auto racing industry.
Malloy is an established business leader that has served actively on the boards of the Southern California Contractors Association, the Associated General Contractors, and the Engineering Contractors Association. He also chaired the Education Committee for the Rebuild LA Construction Taskforce.
He is also a community leader, and as someone that appreciates the challenges and efforts of others, Malloy has a long history of “giving back.” He has served for more than 12 years on the board of trustees for the University of San Francisco where he was honored when the university’s new business school was designated “Malloy Hall” in 2004. He also serves on the board of governors and on the real estate committee at Chapman University in Orange, Calif.
Through much of the ‘90s, Malloy was a board member for the Juvenile Diabetes Foundation, including two years as L.A. chapter president. Malloy has also supported the Little Company of Mary Hospital in Torrance, Calif. as a foundation trustee for several years, as well as chairing their finance committee. And in 1999, he received the Community Achievement Award from the Switzer Center (Center for the Learning Disabled), also in Torrance.
Some time ago, Malloy set a personal goal “to extend the principles of a proper life into my business life.” It is this responsible, straightforward approach that continues to drive him toward successful endeavors throughout his life.
Business efforts and success have led Malloy to pursue his passion for racing on several levels. Trench Shoring Company sponsored Indy racing cars on two occasions—the first in 1981 with driver John Mahler at Riverside Raceway and again in 1988 at the Indianapolis 500 with Rocky Moran. In 1992, Malloy completed a race driving school and soon began collecting vintage race cars that he continues to drive and show in events around the country.
Having recently turned over the day-to-day operation of Trench Shoring Co. to his eldest son, Malloy is now using his vast business experience and community insight to create a new motorsports park, one that he hopes will provide family enjoyment and real value to enthusiasts and area residents for years to come.