There was not enough funding for the stockyard to buy enough cattle to interest local ranchers in bringing their business there so they had to look in other places. The president, Mike Hurley, invited Greenleif Simpson to invest in the Union Stockyards. He saw promise in it and agreed to invest in the venture. He also encouraged other investors to invest in this venture as well which enticed his friend Louville Niles who was in the meatpacking business. In 1893, Simpson bought the stockyards and that is when the name was changed to the Fort Worth Stockyards Company. Most of the company’s buildings were built in 1902 and still exist today.