BTBD News & Events

BT Brands announced a strategic collaboration between its proposed merger partner, Aero Velocity, and privately held HMT. "Industrial inspection is entering a new era in which safety and data quality are rising, while costs and business disruptions are falling," said Mark Hastings, CEO of Aero Velocity. "The U.S. above-ground tank inspection market is large, highly regulated and recurring by nature. We built our industrial solutions business to capture inspection-grade data quickly and repeatably at scale. Combined with HMT's industry leadership, this collaboration modernizes how tanks and other critical assets are documented-improving safety and lowering costs while giving operators better information to plan maintenance and manage risk."

BT Brands announced that its proposed merger partner, Cincinnati-based Aero Velocity, has initiated a strategic alliance with Sanford, Florida-based SoftWash Systems. Together, the companies are launching an integrated drone-washing solution. The collaboration combines Aero Velocity's advanced UAV platforms and drone washing expertise with SoftWash Systems' proven low-pressure cleaning technology and biodegradable treatment solutions.

BT Brands said: "The company expects to maintain profitability through the remainder of fiscal 2025. Given the ongoing merger process and the potential for asset transactions, BT Brands is not providing detailed financial guidance for fiscal 2025 and beyond at this time." Gary Copperud, Chief Executive Officer of BT Brands, added: "We are enthusiastic about the proposed merger with Aero Systems, which we believe will offer our shareholders meaningful participation in both a high-growth platform with attractive profit margins and an improving core restaurant business."

Reports Q3 revenue $3.85M vs. $4.35M last year. Restaurant-level adjusted EBITDA increased 74%, rising to $823,000 from $472,000 in Q3 of 2024. Gary Copperud, CEO of BT Brands, commented: "We are pleased with third-quarter results, driven by operational efficiencies and nonoperating contributions from asset sales and investment gains. While the restaurant industry continues to face challenges-including intense competition from industry leaders, consumer price sensitivity, and inflationary pressures-our focus on aligning expenses with revenue continues to yield positive results, as evidenced by a 74% increase in restaurant EBITDA from the prior year."