Latest news with #Houston-based
Los Angeles Times
a day ago
- Business
- Los Angeles Times
Levine Leichtman Capital Partners and Management to Acquire Shipley Do-Nuts
Levine Leichtman Capital Partners, a Los Angeles-based private equity firm with $12.7 billion in assets under management, partnered with company management to acquire Shipley Do-Nuts from Peak Rock Capital. Financial terms of the transaction were not disclosed. Houston-based Shipley bills itself as the nation's largest donut and kolache brand with 375 locations across 14 states that provide more than 60 varieties of handcrafted, fresh-made-daily donuts, kolaches and coffee. It was founded in 1936 and is headquartered in Houston, where it will continue to be operated by the existing management team led by Flynn Decker, chief executive. 'We see a tremendous opportunity to build on this foundation by expanding unit count even further to capture the substantial whitespace and driving strong same-store sales growth,' said Matthew Frankel, managing partner of Levine Leichtman, in a statement. Shipley is the fourth platform investment of Levine Leichtman Capital Partners VII LP. Across its funds, the middle-market private equity firm has extensive experience investing in the franchising industry, including prior investments in Tropical Smoothie Cafe, Nothing Bundt Cakes, and Hand & Stone. Shipley represents its 18th franchising investment, with a combined 32 brands across a variety of industries. 'We are excited to leverage our extensive experience investing in the franchising space to pursue various growth initiatives alongside them,' said Greg Flaster, managing director at Levine Leichtman, in a statement. Kirkland & Ellis LLP and DLA Piper served as legal counsel to Levine Leichtman on the transaction. Shipley was advised by North Point and J.P. Morgan. Information for this article was sourced from Levine Leichtman Capital Partners.
Associated Press
a day ago
- Business
- Associated Press
Houston Roofing Company Proper Roofing & Remodeling LLC Receives 2025 Global Recognition Award for Industry Excellence
Proper Roofing & Remodeling LLC, led by Kenneth Winsmann and Daniel Adams, has earned a 2025 Global Recognition Award. This award recognizes exceptional leadership, service, and innovation achievements within the roofing industry while maintaining strong community engagement and sustainable practices. New York, NY, United States, August 8, 2025 -- Houston-based Proper Roofing & Remodeling LLC has earned a 2025 Global Recognition Award for outstanding performance in leadership, service, and innovation within the construction industry. Under Kenneth Winsmann and Daniel Adams' direction, the company has achieved recognition for its rapid growth as one of Texas's fastest-expanding roofing enterprises while maintaining exceptional workplace standards. The award acknowledges its achievement as Houston's #1 Top Workplace by the Houston Chronicle and its inclusion among the Top 25 companies on the Fortune 500 list in Texas. Photo Courtesy of Proper Roofing & Remodeling LLC Founded in 2020, Proper Roofing & Remodeling LLC has expanded from startup operations to an 85-employee organization while preserving its foundational principles of treating each home and homeowner with family-level care. Its business model emphasizes sustainable practices, employee satisfaction, and customer excellence across multiple operational areas. 'Our philosophy centers on creating sustainable business practices while prioritizing employee satisfaction and customer excellence,' the company stated regarding its approach to organizational development. Leadership Excellence and Strategic Vision The company has established strong ethical leadership practices within the construction sector through integrity-focused decision-making processes and team motivation strategies. Proper Roofing & Remodeling LLC's leadership approach has produced measurable outcomes, including Great Place to Work certification, where 100 percent of employees rated it positively compared to 57 percent at typical U.S. companies. The organization's commitment to transparent communication and collaborative decision-making has created a workplace culture that attracts skilled professionals while maintaining high performance standards. Strategic implementation by the leadership team has resulted in documented business growth and employee satisfaction metrics that exceed industry averages. Its focus on continuous improvement and professional development has established benchmarks for workplace excellence within the construction industry. According to company leadership, 'Our vision of raising industry standards through quality artistry and customer-first philosophy has positioned us as a model for sustainable business growth in the competitive roofing sector. ' Service Impact and Community Engagement Proper Roofing & Remodeling LLC's service initiatives extend beyond traditional roofing applications to include comprehensive community programs addressing societal needs. It operates the Proper Veteran Alliance initiative, providing financial opportunities, positive workplace culture, and civilian transition support for veterans. Despite rapid expansion across Texas, the organization maintains personalized client attention through comprehensive warranty programs and follow-up services that exceed standard industry practices. The company's service programs demonstrate sustainability through consistent industry recognition and measurable outcomes, including zero Better Business Bureau complaints and high customer satisfaction ratings on platforms such as GuildQuality. Community engagement includes volunteerism, supporting veterans, and regional educational institutions. 'Our comprehensive approach to customer care encompasses immediate project needs and long-term relationship building,' the company noted regarding its service model. Innovation and Market Leadership The company has implemented advanced installation techniques and GreenCircle Certified products that address environmental challenges while developing proprietary approaches to roofing installation and energy-efficient solutions. Proper Roofing & Remodeling LLC's patent portfolio and intellectual property development reflect its commitment to industry advancement while maintaining quality standards. Research and development initiatives focus on materials and installation methods that extend roof lifespan while reducing environmental impact. Business growth has reached the $25-50 million revenue range within five years of operation, supported by technological advancements including specialized installation methods and comprehensive warranty programs. Market recognition through Fortune listings and workplace awards demonstrates the impact of its innovations on customer expectations and industry standards throughout Texas. 'Our success in translating innovative concepts into practical applications has created competitive advantages that extend beyond immediate market gains,' according to its assessment of its technological progress. Alex Sterling from Global Recognition Awards noted the significance of Proper Roofing & Remodeling LLC's achievement. 'The company's receipt of a 2025 Global Recognition Award represents systematic excellence across leadership, service, and innovation domains, with perfect scores in inspiring others, ethical decision-making, community impact, addressing societal needs, and patent portfolio development,' Sterling commented. The rapid progression from startup to Fortune-recognized enterprise while maintaining workplace culture and community engagement demonstrates business success and social responsibility compatibility. The recognition validates its integrated approach to business excellence, combining operational efficiency with social impact while maintaining a commitment to quality and innovation. Its success provides a case study for organizations seeking similar recognition while maintaining authentic community connections and core values. The award reinforces its position as industry leaders who have transformed market challenges into opportunities for growth, innovation, and positive community impact, establishing benchmarks that will influence construction industry practices. About Global Recognition Awards Global Recognition Awards is an international organization that recognizes exceptional companies and individuals who have significantly contributed to their industry. Contact Info: Name: Alexander Sterling Email: Send Email Organization: Global Recognition Awards Website: Release ID: 89166746 In case of identifying any problems, concerns, or inaccuracies in the content shared in this press release, or if a press release needs to be taken down, we urge you to notify us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will be readily accessible to address your concerns and take swift action within 8 hours to rectify any issues identified or assist with the removal process. We are committed to delivering high-quality content and ensuring accuracy for our valued readers.
San Francisco Chronicle
2 days ago
- Business
- San Francisco Chronicle
Geospace Technologies: Fiscal Q3 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Geospace Technologies Corp. (GEOS) on Thursday reported profit of $760,000 in its fiscal third quarter. On a per-share basis, the Houston-based company said it had net income of 6 cents. The maker of seismic instruments and equipment posted revenue of $24.8 million in the period. _____
Miami Herald
2 days ago
- Business
- Miami Herald
Local Houston-based restaurant chain files for Chapter 11 bankruptcy
Over the past few years, many U.S. restaurants have been forced to close their doors or file for bankruptcy. While it was never easy to break into the restaurant business, these days, it seems even more challenging. Many hospitality establishments that weathered the Covid pandemic didn't make it through unscathed. This means already-struggling businesses are now dealing with a new set of challenges: Inflation;High labor costs; Rising food expenses; Aggressive competition; Shifts in consumer behaviors (turning to home-prepared meals instead of eating out). Related: 125-year-old supermarket chain closes over a dozen stores As a result, many famous restaurant chains, and diners have filed for bankruptcy this year. These include Red Lobster, which closed 120 restaurants, TGI Fridays, Fernando's Mexican Cuisine, Bertucci's, Bar Louie, and others. In Texas, the food-service industry is among the biggest private-sector employers, counting more than 57,000 restaurants, generating $137.8 billion in annual sales, and employing more than 1.4 million, according to Texas Restaurant Association. This makes the Lone Star State among the top three states with the largest food-service industries. Despite its scope, the industry in Texas is not immune to the above challenges. Image source: Shutterstock A small, Houston-based restaurant chain, District 7 Grill, has filed for Chapter 11 Subchapter V bankruptcy protection in the Southern District of Texas. District 7 Grill has offered a grill-style dining experience for more than two decades. It has four restaurants across Houston: District 7 Grill - Eado, located at 1508 Hutchins Street;District 7 Grill - Midtown, located at 501 Pierce St;District 7 Grill - Tunnel, located at 1001 Louisiana St;District 7 Grill - Memorial, located at 15377 Memorial Dr. Suite 122. District 7 Grill was known for its fresh take on American-style cuisine, from classic Eggs Benedict and savory Short Rib Burgers to artisan Pizzeria Pizza, fresh Mahi Mahi Salad, and Center Cut Filet Mignon. The restaurant has an average 3.9 out of 5 rating on Yelp, based on 707 reviews. The latest rating is from July 6 of this year, and it praises the establishment. More Restaurants: After closing restaurants, Papa John's puts focus on pizzaBeloved sandwich chain franchisee closes in Chapter 11 bankruptcyTop-10 burgers list deals blow to McDonald's, Burger King "We came here for breakfast and enjoyed our meals. I had the migas and my husband had pancakes and both were good. Sat on the covered patio and there were fans and a nice breeze (it was overcast and not hot this day). Waitstaff (Luke and Sena) was super attentive and so nice! I would recommend!" Despite the good rating and many recommendations, District 7 Grill filed for bankruptcy, reporting assets and liabilities each in the range of $500,000 to $1 million, with 1-49 creditors. An April 2025 CNN article, "America has lost its appetite for casual dining chains," reported the most recent closures at the time, including Hooters, along with recent trends and sales statistics. Related: US government wants to make healthier eggs illegal Since 2019, restaurant prices have increased 34%, outpacing the overall growth of inflation during that time, writes the outlet, citing data from the Bureau of Labor Statistics. "They're trying to aim at the average middle consumer," said Associate Professor of Food Marketing Ernest Baskin at Saint Joseph's University. "When consumers start watching their budget, the middle shrinks." For 45% of Texas restaurant operators, high labor costs pose the biggest challenge, according to Touch Bistro. As many as 29% have turned to service charges in an effort to increase revenue, and 44% use TikTok to promote their offerings. Based on the report, some Texas restaurants are experimenting with these "junk fees" to offset shrinking profits. The actual impact of these charges remains to be seen. Another issue restaurants in Texas are facing is the cost of third-party delivery apps, as online ordering becomes more popular statewide. What's next for District 7 Grill? Unlike Chapter 7 bankruptcy, which results in liquidation and final closure, Chapter 11 gives struggling businesses such as District 7 Grill more options. It offers them a second chance to get back on their feet, particularly if they have a decades-long brand value and loyal customer base. Related: Huge travel brand closes stores, posts big profits The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
2 days ago
- Business
- Business Wire
Houston Attorney Dana Massett Joins Bissinger, Oshman, Williams & Strasburger
HOUSTON--(BUSINESS WIRE)--Commercial litigator Dana Massett has joined the Houston trial firm Bissinger, Oshman, Williams & Strasburger (BOWS), enhancing the respected trial firm's complex civil and commercial litigation work in federal and state courts. Ms. Massett represents insurance, manufacturing, energy and financial services clients in litigation involving employment agreements, breach of contract, products liability defense and insurance coverage disputes. 'One of the factors that sets Dana apart is her extensive insights into both the day-to-day and large-scale pressures facing businesses, having been in those same trenches earlier in her career,' said firm co-founder David Bissinger. 'The combination of legal acumen with practical business insight affords her a perspective that will be invaluable to clients.' Prior to attending law school, Ms. Massett worked as an account manager for global integrated oil companies, where she originated, negotiated, and managed long-term natural gas sales, transportation and storage contracts with large industrial end-user customers. She later founded a productivity consultancy, partnering with businesses and professionals to clarify goals, overcome challenges, and implement tailored strategies to improve organizational workflow. A 2023 graduate of the University of Houston Law Center, she was managing editor of the Houston Journal of Health & Law Policy, and a member of the Order of the Coif and Order of the Barons. She also holds an MBA, summa cum laude, from Loyola University and an undergraduate degree in management from Louisiana State University. She joins BOWS from McDowell Hetherington LLP. Bissinger, Oshman, Williams & Strasburger LLP is a Houston-based business trial and transaction firm focused on providing impactful, cost-effective solutions to complex disputes and transactions requiring careful attention, extensive experience and a high level of sophistication.
