AUSTIN, TEXAS – An affiliate of personal funding agency Peak Rock Capital has accomplished the acquisition of Shipley Franchise Firm and Shipley Do-nut Flour & Provide Co. (Shipley Do-Nuts). The monetary phrases of the transaction weren’t disclosed.
Based in 1936, Houston-based Shipley Do-Nuts is a quick-service restaurant franchisor providing donuts, kolaches and drinks. The corporate has greater than 300 areas in 9 states, and for the reason that late 2010s has seen a interval of speedy growth, debuting areas in Colorado, Florida and Oklahoma in 2018.
“My grandfather, my father and I’ve devoted our lives to serving Shipley Do-Nuts, our franchisees and our company,” stated Lawrence Shipley III, who retired from the corporate after a few years as president to give attention to different household investments. . “After an exhaustive search, it was clear that Peak Rock Capital was the best supervisor of our enterprise in its seek for the following stage of progress. My household is delighted to proceed as traders within the firm and we stay up for the thrilling progress that lies forward. ”
The Shipley Do-Nuts acquisition represents Peak Rock’s twelfth funding within the meals and beverage trade in recent times. Different corporations in Peak Rock’s portfolio embody Halo Meals Ltd., Turkey Hill, Pretzels Inc., Louisiana Fish Fry, TNT Crust, Diamond Crystal Manufacturers, Berner Meals & Beverage, and Pure American Meals.
“Shipley represents an thrilling alternative to spend money on a beloved shopper model with a longtime status for authenticity and high quality,” stated Robert Strauss, managing director of Peak Rock. “We’re extremely impressed with the franchise the Shipley household has constructed and stay up for partnering with the corporate’s administration group to spend money on their progress plan. Shipley is deeply dedicated to persevering with to offer present franchised companions with alternatives to develop their enterprise and can actively search relationships with new companions who’re excited about being a part of our rising idea. “
Anthony DiSimone, CEO of Peak Rock, added: “This transaction additional exemplifies Peak Rock’s deep expertise investing in founding and household companies and highlights our continued curiosity in engaging investments within the multi-unit meals, beverage and shopper sectors. We proceed to pursue consumer-facing acquisitions and platforms that we imagine may gain advantage from our capability to drive speedy progress and efficiency enchancment. “