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AUSTIN, Texas, Jan. 6, 2021 /PRNewswire/ An affiliate of Peak Rock Capital ( Peak Rock ), a leading middle-market private investment firm, announced today that it has completed an acquisition of Shipley Franchise Company and Shipley Do-nut Flour & Supply Co. (collectively Shipley Do-Nuts , Shipley or the Company ).
Founded in 1936, Shipley Do-Nuts is a leading quick-service restaurant franchisor. Shipley has a diverse franchisee and consumer base, with over 300 locations spanning nine states. Headquartered in Houston, Texas, the Company has built a strong reputation for its do-nuts, kolaches, beverages, and guest service.
Lawrence Shipley III commented, My grandfather, father, and I have dedicated our lives to serving Shipley Do-Nuts, our franchisees and our guests. After an exhaustive search, it became clear that Peak Rock Capital was the ideal steward of our business as it pursues the next stage of growth. My family is thril
The Shipley family will remain as investors in the company.
WhisperToMe, CC0/Wikimedia Commons
Shipley Do-Nuts is Peak Rock’s 12th investment in the food, beverage, and consumer industry in recent years.
Private investment firm Peak Rock Capital announced Wednesday that it has purchased 85-year-old Shipley Do-Nuts, a franchisor with more than 300 locations in nine states.
Terms of the deal weren’t disclosed. In conjunction with the transaction, President Lawrence Shipley III, a third generation leader, will retire to focus on other family investments. The Shipley family will continue as investors in the company. My grandfather, father, and I have dedicated our lives to serving Shipley Do-Nuts, our franchisees and our guests,” Shipley said in a statement. “After an exhaustive search, it became clear that Peak Rock Capital was the ideal steward of our business as it pursues the next stage of growth.”
Founding family to remain an investor as company seeks to expand
An affiliate of private investment firm Peak Rock Capital has purchased Shipley Franchise Company and Shipley Do-nut Flour & Supply Co., which together franchise and supply product for Shipley Do-Nuts, a chain of around 300 units based in Houston and specializing in doughnuts and kolaches, Peak Rock said Wednesday.
Robert Strauss, managing director of Peak Rock, said in a release announcing the acquisition, “Shipley represents an exciting opportunity to invest in a beloved consumer brand with an established reputation for authenticity and quality. We are incredibly impressed with the franchise that the Shipley family has built, and we look forward to partnering with the Company’s management team to invest behind their growth plan. Shipley is deeply committed to continue providing existing franchisee partners with opportunities to grow their business and will actively seek relationships with new partners wh
Behrman-Backed Emmes Adds Neox
Behrman Capital-backed
Neox S.R.O. The purchase expands Emmes’ biopharma effort and European presence.
“As Emmes’ first add-on acquisition, Neox expands Emmes’ international presence, notably in Central Europe, by adding significant strategic capabilities to enhance the company’s BioPharma effort. Neox will serve as a launch pad for Emmes in Europe to begin offering CRO services to BioPharma clients that require EU-based trials.” says Behrman managing partner
Grant Behrman.
Clinical research organization Emmes is focused on growing its biopharma and public sector business groups. Neox will be part of
Emmes BioPharma, which also includes Emmes’ established, experienced teams in the USA, India and Canada.
Revelstoke Backs Empire
Revelstoke Capital Partners has taken a majority stake in
Empire Portfolio Group Holdings, an
Orangetheory Fitness franchisee. Empire founder and CEO
Adam Krell will retain a stake and continue to lead the business.
“After a multi-year outbound search in the health and wellness sector, we are very excited to partner with Empire. Orangetheory Fitness is designed to produce results for its members inside and out, giving people a healthier, happier and more vibrant life,” says Revelstoke co-founder and managing partner
Simon Bachleda.
Greenberg Traurig LLP is acting as legal counsel, and
Piper Sandler & Co. is acting as financial advisor to Empire.