Thomas O. Hicks, chairman and CEO of Hicks Equity Partners, will serve as chairman of the Just Brakes board of directors.
“Just Brakes is a well-recognized brand name operating in attractive markets that will serve as a wonderful platform for growth,” Mr. Ihnken said. “Hicks Equity Partners, Gemini Investors and Monhegan Partners bring the strategic and financial resources needed to capitalize on its significant potential.
“I am excited to lead Just Brakes and to collaborate with our dedicated employees and vendors to execute our long-term strategic plans, which include investments in training, expanded car care services, improved facilities and strategic acquisitions.”
Hicks Equity Partners is the private equity arm for Hicks Holdings L.L.C., a holding company for the Thomas O. Hicks family assets. Gemini Investors is a private equity firm that focuses on providing growth capital to, and financing recapitalizations of, established businesses in the lower middle market. Monhegan Partners is a private equity investment firm that acquires and builds middle market manufacturing, distribution and service businesses.
The Dallas-based chain broadened its service offerings in 2011 in a number of key markets to include factory scheduled maintenance based on auto makers' service and maintenance recommendations and today offers an array of automotive services in many stores, including: tire repair; alignments; suspension service and repair/shocks and struts; oil and coolant changes; fuel system cleaning; etc.
