An affiliate of US-based investment firm Peak Rock Capital has concluded the acquisition of Shipley Franchise Company and Shipley Do-nut Flour & Supply Co.
The financial terms of the deal were not revealed.
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Established in 1936, Shipley Do-Nuts operates more than 300 quick-service restaurant franchises across nine US states.
Headquartered in Houston, Texas, the family-run brand is known for its do-nuts, kolaches, and beverages.
Lawrence Shipley III of Shipley Do-Nuts said that Peak Rock Capital is the ‘ideal steward’ of the business as it pursues the next stage of growth.
As part of the agreement, the Shipley family will continue as investors in the company, while Lawrence Shipley III will retire to focus on other family investments.
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By GlobalDataCommenting on the transaction, Peak Rock managing director Robert Strauss said: “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 in their growth plan.
“Shipley is deeply committed to continuing providing existing franchisee partners with opportunities to grow their business and will actively seek relationships with new partners who are interested in being a part of our growing concept.”
Peak Rock CEO Anthony DiSimone added: “This transaction further exemplifies Peak Rock’s deep experience investing in founder and family owned businesses and highlights our continued interest in attractive investments in the food, beverage, and multi-unit consumer sectors.
“We continue to seek consumer-oriented platforms and acquisitions that we believe could benefit from our ability to drive rapid growth and performance improvement.”
The acquisition of Shipley Do-Nuts marks Peak Rock’s 12th investment in the food, beverage, and consumer space.
Earlier this week, US-based restaurant chain Capriotti’s Sandwich Shop announced the plan to purchase a fast-casual brand Wing Zone, which serves made-to-order chicken wings.
