Shipley Do-Nuts enters a new growth phase under Levine Leichtman Capital Partners after an 18-quarter expansion with Peak Rock Capital.
- Shipley Do-Nuts sold to Levine Leichtman Capital Partners
- Peak Rock Capital supported Shipley’s growth for nearly a decade
- Record store growth and lasting partnership emphasized
Peak Rock Capital has completed its divestment from Shipley Do-Nuts, transferring ownership of the growing franchise to Levine Leichtman Capital Partners (LLCP). Based in Houston, Shipley Do-Nuts is a long-established brand known for its fresh donuts, kolaches, and coffee. The company operates over 375 stores across 14 states and has seen steady national growth under Peak Rock’s ownership.
Since acquiring Shipley Do-Nuts from its founding family, Peak Rock Capital implemented a focused growth strategy that led to significant operational and market expansion. The company achieved 18 consecutive quarters of same-store sales growth and set records for new store openings. This performance was driven by investments in team development, streamlined processes, and enhanced marketing strategies tailored for franchisee success.
Robert Strauss, Senior Managing Director at Peak Rock Capital, expressed pride in the brand’s performance, highlighting the role of strategic initiatives that enabled Shipley’s transformation into a high-growth franchise. Flynn Dekker, Chief Executive Officer of Shipley Do-Nuts, acknowledged the value of the partnership, stating that their shared vision had successfully elevated the company’s reach while staying true to its mission of delivering “the world’s greatest donut.”
The acquisition by LLCP marks the next chapter in Shipley’s expansion journey. Known for investing in established, scalable brands, Levine Leichtman Capital Partners brings additional resources and expertise to support Shipley’s continued development in new markets. The deal also reinforces Peak Rock’s reputation for supporting family-owned businesses through scalable and sustainable growth strategies.
The transaction was supported by financial advisors North Point and JPMorgan, with legal counsel provided by Kirkland & Ellis LLP. The move further highlights the value of disciplined private equity strategies in the franchise space and positions Shipley Do-Nuts for long-term success under new ownership.
Key Facts:
| Shipley Do-Nuts | A leading franchisor of doughnut and kolache shops with over 375 locations across 14 states. |
|---|---|
| Nearly 90 years in business | Shipley has been serving loyal customers since its inception, maintaining a venerable legacy. |
| Sustained growth | Shipley experienced 18 consecutive quarters of same-store sales growth under Peak Rock's ownership. |
| Expansion strategies | Peak Rock's investment led to geographic expansion, product development, and new marketing initiatives. |
| Financial advisement | North Point and JPMorgan served as financial advisors for the transaction, ensuring successful negotiations. |
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