Furthermore, he owns a private investment company, Palmetto Partners, Ltd., which manages the McNairs’ public and private equity investments. As an avid philanthropist, Bob McNair chairs The McNair Foundation that supports various causes. Determined to bring a National Football League team to the city of Houston, McNair formed Houston NFL Holdings in 1998 and shortly after he became the owner of the Houston Texans. As for his private life, he is a married man and a father of four.