M&A Deal Summary

IHOP Franchisee Acquires FMS Management Systems

On July 9, 2007, IHOP Franchisee acquired restaurant FMS Management Systems from Dine Brands

Acquisition Highlights
  • This is IHOP Franchisee’s 1st transaction in the Restaurants sector.
  • This is IHOP Franchisee’s 1st transaction in the United States.
  • This is IHOP Franchisee’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-07-09
Target FMS Management Systems
Sector Restaurants
Buyer(s) IHOP Franchisee
Sellers(s) Dine Brands
Deal Type Divestiture

Target

FMS Management Systems

Florida, United States
FMS owns, operates and sub-franchises 148 IHOP restaurants located throughout the state of Florida as well as in certain counties of Southern Georgia.

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Buyer(S) 1

Buyer

IHOP Franchisee

Sunrise, Florida, United States
Category Company
Founded 1958
Sector Restaurants
DESCRIPTION

The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 45 years. Offering more than 16 types of pancakes, as well as omelets, breakfast specialties, burgers, sandwiches, chicken and steaks, IHOP's diverse menu appeals to people of all ages. IHOP restaurants are operated and franchised by Glendale, California based IHOP Corp. IHOP Franchisee was founded in 1958 and is based in Sunrise, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

Dine Brands

Pasadena, California, United States
Category Company
Founded 1958
Sector Restaurants
Employees596
Revenue 831M USD (2023)
DESCRIPTION

Dine Brands owns and operates restaurants under the Applebee’s Neighborhood Grill & Bar and IHOP brands. With more than 3,600 restaurants combined in 19 countries, over 400 franchisees. Dine Brands Global is one of the full-service restaurant companies in the world. Dine Brands was founded in 1958 and is based in Pasadena, California.

DEAL STATS #
Overall 1 of 2
Sector (Restaurants) 1 of 2
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-29 Applebee’s International

Glendale, California, United States

Applebee’s International operates food restaurant chains in the US. Applebee’s International was founded in 1980 and is based in Glendale, California.

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