Peak Rock Sells Shipley Do-Nuts to LLCP - Private Equity Wire

Shipley Do-Nuts bought by California-based private equity firm

Shipley Do-Nuts, a major Texas restaurant chain with a significant Dallas-Fort Worth footprint, grew substantially after it was acquired by a private equity firm in 2021. Now, the company has been sold to a different PE firm.

Peak Rock sells Shipley Do-Nuts to LLCP - Private Equity Wire

Middle-market private equity firm Peak Rock Capital has sold donut, kolache, and coffee franchise Shipley Do-Nuts to Levine Leichtman Capital Partners, following 18 consecutive quarters of same-store-sales growth and records for new store growth. Financial terms of the transaction were not disclosed. Houston-based Shipley, which has been producing fresh, made-in-house products for nearly 90 years, has more than 375 stories across 14 states. Sinc…

Levine Leichtman Purchases Shipley Do-Nuts

Further Expansion Planned for 375-Unit Chain  SUMMARY The private equity firm Levine Leichtman Capital Partners has acquired Shipley Do-Nuts from Peak Rock Capital.  Levine Leichtman could be aiming to repeat the franchise success it achieved with Tropical Smoothie Café, which it grew into a $2 billion brand. Houston-based Shipley’s, currently with about 375 units in 14 states, is on track to open 40-plus units in 2025. Levine Leichtman Capita…