Texas’ iconic Shipley Do-nuts has a new owner. The Austin-based private equity firm Peak Rock Capital announced it has purchased the company from the Houston-based Shipley family. Terms of the deal were not disclosed.
Deals in the retail bakeries and doughnut shops-space have surged after sales improved from their lockdown lows. Last year, Roark Capital-owned Inspire Brands announced the acquisition of Dunkin’ Brands’ for $8.76 billion, bringing chains like Arby’s and Dunkin’ Donuts.
Shipley Do-Nuts is the latest brand in the region acquired by a ‘hungry’ private equity firm. In November, Torchy’s Tacos announced it has received a $400 million investment. Chicago’s BDT & Company, LLC acquired a majority stake in Whataburger in 2019 with plans to expand the brand.