HOUSTON — Shipley Do-Nuts, one of Houston’s most beloved homegrown brands, has a new owner.
An affiliate of Peak Rock Capital announced Monday it has sold Shipley Do-Nuts to Levine Leichtman Capital Partners (LLCP), marking a new chapter for the nearly 90-year-old company known for its fresh, made-in-house donuts, kolaches and coffee.
Founded in 1936 and based in Houston, Shipley has grown into one of the nation’s largest donut franchises, with more than 375 stores operating across 14 states. The company more than doubled systemwide sales during Peak Rock’s ownership and experienced 18 consecutive quarters of same-store sales growth, according to a news release…