Capstar Capital · Austin, Texas
Investing in Businesses.
Building Lasting Value.
Capstar Capital partners with established businesses and their owners to support growth, navigate transitions, and create enduring value.
About Capstar
Experience. Perspective. Partnership.
Based in Austin, Texas, Capstar Capital is a private investment firm focused on established, lower middle-market businesses. Our approach combines investment experience, flexible capital structures, and a long-term perspective.
Investment Philosophy
The Right Capital. The Right Partnership.
01
Established Businesses
Investing in mature businesses with established operations and meaningful growth opportunities.
02
Flexible Structures
Working with owners and management teams to identify investment structures that align with their objectives.
03
Long-Term Thinking
Emphasizing disciplined capital allocation, conservative leverage, and enduring business value.
Criteria
Our Investment Focus
- Target EBITDA
- $1M–$6M
- Geography
- United States
- Investment Structures
- Control, Majority Recapitalization, Lead Minority
- Financial Philosophy
- Conservative Leverage
- Investment Perspective
- Long-Term
Selected Investments
Experience Across Industries
Dental Support Organization
Star Dental Partners
A growing Dental Support Organization headquartered in Texas, providing non-clinical business support services to dentists and their teams.
Media & Streaming
Atmosphere TV
The first and largest streaming TV service built for businesses, offering audio-optional programming across a range of channels.
Veterinary Services
Western Veterinary Partners
A veterinary support organization partnering with practices across the United States, providing tailored business support and professional development for veterinarians and their teams.
Leadership
Leadership Built on Experience
Robert S. Hicks, Jr.
Founder and Managing Partner
Robert Hicks is the Founder and Managing Partner of Capstar Capital, LLC, which he founded in 2018. He is also a Founder and Managing Partner of Fremantle Capital and an Executive Partner at Chicago-based Tyree & D'Angelo Partners. He currently serves on the boards of Star Dental Partners and Stonecreek Dental Care.
Let's Explore What's Possible.
We welcome conversations with business owners, management teams, and investment partners.