 Six years later, Chief Auto Parts was acquired by Trust Company of the West, a Los Angeles-based investment group, and the management of Chief Auto Parts for an undisclosed amount to primarily pay off General Electric Capital which had acquired Shearson Lehman's share of the company.In 1995, Chief Auto Parts acquired Houston-based Hi-Lo Automotive, with its 191 stores in Texas, Louisiana and California, for $121 million.At the time of the acquisition, Chief had more than 500 stores in California, Texas, Nevada, Tennessee, Arkansas and Arizona.