Revscale Media (illustration)Dine Brands Grows Revenue by Buying Its Franchisees' Restaurants
Third-quarter revenue rose 15% to $248.9 million, but franchise revenue slipped and Applebee's and IHOP closed more restaurants than they opened.
Atlanta-based Guaranteed Roof joined LB Capital's EM Exteriors roofing platform, trading half ownership for shared systems ahead of a future private equity exit.

Guaranteed Roof, a Metro Atlanta roofing contractor, has joined LB Capital's EM Exteriors platform, giving up half ownership of the company in exchange for shared technology, purchasing power and back-office support. The deal lets founders Matthew Weeks and Chase Howe keep running the business under its existing name while expanding beyond Georgia into Tennessee, North Carolina and South Carolina. EM Exteriors now spans more than a dozen roofing companies across 13 states.
LB Capital founder Lance Bachmann built the platform on a structure he calls shareholders rather than sellers: LB Capital takes a 50 percent stake in each partner company, and the original owner keeps the rest, with the eventual payout tied to how the whole platform performs when it sells. That is a different bet than a straight buyout, and it only pays off if the combined group commands a higher valuation multiple than any single roofing company could on its own.
EM Exteriors centralizes accounting, marketing and procurement while leaving local branding and crews in place, a playbook franchise operators already know from co-op purchasing and shared marketing funds, except here the endgame is a single sale to private equity rather than ongoing royalty payments. For roofing contractors weighing a similar deal, the trade-off is real: access to enterprise-grade systems now, but less control over pricing, hiring and growth decisions, which LB Capital keeps centralized across the platform.
Revscale Media (illustration)Third-quarter revenue rose 15% to $248.9 million, but franchise revenue slipped and Applebee's and IHOP closed more restaurants than they opened.
Revscale Media (illustration)A federal judge barred the former owners of two Tampa Rumble studios, and their new gym, Temper, from competing within 10 miles for two years.
Cheba HutWGT Concepts, whose first Oklahoma City shop became one of the sub chain's top performers, signed an eight-unit deal reaching into Tulsa in 2027.
Revscale Media (illustration)A Georgia franchisee connected his phone and text system to ChatGPT to turn every shift's messages into a to-do list. It shows what owners build when corporate tools lag.
Revscale Media (illustration)An independent committee said $7.35 a share substantially undervalues the chain. The new rights plan triggers at 15%, and the Trian-led group already holds 16.3%.
Papa JohnsWith North American comps down 8.3% again, 98.5% of the system backed moving ad dollars from national to local, and Papa Johns is cutting fees to help pay for it.