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 , involving the nearly 90-year-old company.
- Peak Rock Capital’s stewardship involved supporting strategic initiatives such as market expansion, product development, and building a new headquarters and R&D lab.
- Shipley Do-Nuts is supported by Peak Rock Capital for growth initiatives, with no store count or expansion details provided in the source.
- Levine Leichtman Capital Partners partnered with Shipley’s management to acquire the chain from Peak Rock Capital, with Bloomberg reporting a $400 million valuation.
- Under new ownership, Dekker confirmed a focus on franchisee support and national growth, with Shipley continuing operations from its Houston headquarters under Flynn Dekker.
43 Articles
43 Articles
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…
The Business Journals
Chain Store AgeShipley Do-Nuts sold to California-based private equity firm
The Union Democrat
Levine Leichtman Capital Partners and Management Acquire Shipley Do-Nuts
LOS ANGELES, July 28, 2025 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP"), a middle-market private equity firm, has partnered with management to acquire Shipley Do-Nuts ("Shipley" or the "Company") from Peak Rock Capital ("Peak Rock"). Financial terms of the transaction…
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