DALLAS, WELLESLEY, Mass. and ROWAYTON, Conn – Hicks Equity Partners, Gemini Investors and Monhegan Partners today announced that they have partnered with Bill Ihnken to acquire Just Brakes, a leading retail provider of automotive brake and maintenance services. Financial terms of the transaction were not disclosed.
Founded in 1980 with one location in Bryan, Texas, Just Brakes now owns and operates more than 130 stores in eight states in 14 major markets. The company has approximately 950 employees nationwide.
It was also announced that Bill Ihnken has been named CEO of the company. Ihnken most recently served as president and COO of TBC Corp.’s company-owned store division, which includes more than 900 tire and automotive service centers.
