Texas-based Shipley Do-Nuts sold to private investment firm
KTRK
HOUSTON, Texas (KTRK) Texas favorite donut spot has been bought by a private investment firm, the company announced Wednesday.
Shipley Do-Nuts, founded in 1936, was acquired by Peak Rock Capital, a leading middlemarket private investment firm based in Austin, Texas.
Shipley has over 300 locations across nine states, with its headquarters located here in Houston.
The company is known mostly for its donuts and kolaches. My grandfather, father, and I have dedicated our lives to serving Shipley Do-Nuts, our franchisees and our guests, Lawrence Shipley III said in a release. 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 thrilled to continue as investors in the Company, and we look forward to the exciting growth to come.
Shipley Do-Nuts acquired by Peak Rock Capital - Houston Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
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
vimarsana © 2020. All Rights Reserved.