#United States #Dallas #philanthropist #Thomas Hicks #Texas Businessman

In Memory of Thomas O. Hicks: A Pillar of Texas Business and Philanthropy

Thomas O. Hicks, a celebrated figure in Texas business and philanthropy, passed away peacefully at the age of 79 on December 7, 2025, in Dallas, leaving behind a legacy that is deeply intertwined with the fabric of American enterprise and community service. Known for his pioneering strategies in private equity and his unwavering commitment to bettering his community, Hicks's impact is felt far and wide.

A Business Pioneer

Throughout his illustrious career, Hicks was a transformative figure in the private equity sphere. In 1984, he co-founded Hicks Haas, where he played a crucial role in significant mergers, notably the iconic Dr Pepper/7UP deal. Five years later, he co-founded Hicks, Muse, Tate & Furst, which rapidly ascended to be one of the largest private equity firms of its time. Under his leadership, the firm engaged in numerous high-profile transactions spanning sectors like consumer products and broadcasting, setting a benchmark in the industry.

Hicks was widely recognized for his integrity in business, characterized by an open-minded approach to partnerships and a roadmap to success that others aspired to emulate. His legacy in finance is marked by the development of the leveraged buyout and the 'buy and build' strategy, reshaping how investments were approached during his time.

Longtime colleague and friend, Richard Fisher, reflected on Hicks's influence, emphasizing his warmth and loyalty. “Tom was a legend in finance who perfected the leveraged buyout,” he noted, highlighting Hicks's ability to support friends and colleagues irrespective of differing political affiliations, particularly during Richard's run for the U.S. Senate.

A Passion for Sports

Beyond his business acumen, Thomas O. Hicks was also an ardent sports enthusiast. From 1995 to 2011, he owned the Dallas Stars, leading them to multiple achievements, including the coveted Stanley Cup Championship in 1999. He also owned the Texas Rangers from 1998 to 2010, under his stewardship, the team reached the World Series and secured three American West Division titles. His acquisition of a stake in Liverpool F.C. positioned him as a uniquely influential figure in international sports, harmonizing ownership across major leagues such as the NHL, MLB, and Premier League.

Jerry Jones, owner of the Dallas Cowboys, reminisced about their collaborative vision for Arlington as a thriving sports destination. “Tom was a champion for sports,” he stated warmly, recalling their shared commitment to building community through athletics.

Commitment to Community

Hicks's contributions to the Dallas community extended well beyond sporting arenas. He was instrumental in planning and developing the American Airlines Center, a major cultural hub in the city, and significantly impacted local education by establishing Tom Hicks Elementary within the Lewisville Independent School District. His various philanthropic efforts reflected his unwavering commitment to enhancing the civic, educational, and cultural landscapes of North Texas.

Ross Perot Jr. described Hicks as an innovative businessman and community pillar, stating, “He was dedicated to Dallas and played a meaningful role in building our great city.” His contributions were not just business-oriented but deeply altruistic, impacting countless lives in the region.

Academic Contributions and Military Service

In addition to his business and philanthropic endeavors, Hicks's dedication to education was reflected in his active participation at the University of Texas. Serving on the Board of Regents from 1994 to 1999, he helped establish UTIMCO, which now stands as the largest public university endowment in the United States—a testament to his vision for impactful educational funding.

Hicks was also a proud U.S. Army Reserve paratrooper and later held the position of Commissioner of the American Battle Monuments Commission, ensuring the maintenance and honor of military cemeteries globally.

A Legacy of Family and Love

While his professional achievements were significant, those who knew him best remember Thomas O. Hicks for his deep love for his family. He is survived by his beloved wife, Cinda Cree Hicks, along with their six children and numerous grandchildren. Hicks's family shared their gratitude, stating, “Tom's most cherished title was ‘Dad’. His love and generosity remain a guiding force for us.” His role as a devoted father and grandfather illuminated the importance of family in his life, and his legacy will undoubtedly continue through them.

In closing, Thomas O. Hicks leaves behind not just a remarkable business legacy but also a profound impact on countless lives through his philanthropy and dedication to community betterment. Services to honor his remarkable life are pending. His story is a powerful reminder of the lasting influence one individual can have across various arenas.

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