What you need to know
Shipley Do-Nuts was established in 1936 by Lawrence Shipley Sr. and has since grown to be the nation's largest donut and kolache brand with over 375 locations across 14 states, according to the release.
The Shipley family managed the business until 2021, when the company was acquired by Austin-based private investment affiliate Peak Rock Capital, Community Impact previously reported.
The details
LLCP is based in Beverly Hills, California, with offices across North America and Europe. According to the release, Shipley will continue to operate from its Houston headquarters under the existing executive team, including CEO Flynn Dekker.
“We are excited to partner with Flynn and the outstanding Shipley management team, who have been executing on a successful growth strategy,” Matthew Frankel, managing partner of LLCP, said. “Together, we see a tremendous opportunity to build on this foundation by expanding unit count even further to capture the substantial whitespace and driving strong same-store sales growth.”
LLCP has a track record of acquiring companies and selling them off under favorable conditions. The firm sold Tropical Smoothie to Blackstone last year for a reported $2 billion, according to multiple news releases. Shipley is LCCP’s 18th franchise investment.
Quote of note
“Shipley is growing faster than ever in its history, and partnering with LLCP presents an outstanding opportunity for Shipley to accelerate our growth and bring the world’s greatest donut to an even wider audience,” Dekker said. “Their extensive expertise in franchise food brands will be pivotal in driving future growth and supporting our franchisees, while preserving our commitment to fresh-made quality and our original recipes that have made our brand the icon it is today.”
