Shipley Do-Nuts, the beloved Houston-based chain, was recently sold to a private equity firm in California, according to a news release.
The previous owner, Peak Rock Capital, announced the sale of Shipley Do-Nuts to Levine Leichtman Capital Partners on Monday.
Under Peak Rock Capital’s ownership, same-store sales rose for 18 consecutive quarters, and the doughnut company set records for store growth, the release stated…