US EditionShipley Do-Nuts Sold to California-Based Private Equity Firm
HARRIS COUNTY, TEXAS, JUL 28 – Peak Rock Capital sold Shipley Do-Nuts after doubling systemwide sales and expanding to over 375 stores in 14 states, achieving 18 consecutive quarters of same-store sales growth.
- An affiliate of Peak Rock Capital announced the sale of Shipley Do-Nuts to Levine Leichtman Capital Partners , with Bloomberg reporting a $400 million valuation.
- Peak Rock Capital’s stewardship involved expanding into new markets, launching a marketing cooperative and building a new headquarters and R&D lab, supporting strategic initiatives.
- Shipley operates more than 375 stores across 14 states, and is on track to open a record-setting 40-plus new shops by the end of 2025.
- Levine Leichtman Capital Partners acquired Shipley from Peak Rock Capital, with Bloomberg reporting a $400 million valuation.
- Under new ownership, Shipley Do-Nuts will continue operations from its Houston headquarters under CEO Flynn Dekker, who affirmed a focus on franchisee support and nationwide growth.
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Texas donut chain Shipley Do-Nuts sold to private equity firm
HOUSTON (KIAH) — Shipley Do-Nuts, a well-known Texas donut chain, has been acquired by Levine Leichtman Capital Partners, a private equity firm based in California. Previously owned by Peak Rock Capital since 2021, Shipley Do-Nuts boasts more than 375 locations across 14 states, with over 20 of those situated in Houston. Shipley Do-Nuts was founded in 1936 and has grown significantly over the decades, becoming a staple in the donut industry. Th…
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Chain Store AgeShipley Do-Nuts sold to California-based private equity firm
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