Duck Donuts sale to private equity company expected to elevate 'brand to the next level'

Duck Donuts sale to private equity company expected to elevate ‘brand to the next level’
Updated 5:50 PM;
Today 4:29 PM
NewSpring Capital, a family of private equity strategies based in Philadelphia, acquired Duck Donuts, which is headquartered in Hampden Township.
File photo by Dan Gleiter | dgleiter@pennlive.comHAR
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Duck Donuts and its string of franchise locations today were acquired by a private equity company in a move designed to expand the brand, according to a press release.
NewSpring Capital, a family of private equity strategies based in Philadelphia, acquired the doughnut company, which is headquartered in Hampden Township.
Duck Donut founder and CEO Russ DiGilio, who opened the first shop in Duck, North Carolina in 2007, said the partnership with NewSpring Franchise will accelerate growth and brand awareness as well as access to capital and resources to strengthen infrastructure and locations.

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