Levine Leichtman Capital Companions (LLCP), a personal fairness agency, has accomplished the acquisition of Shipley Do-Nuts from Peak Rock Capital. The monetary particulars of the transaction weren’t disclosed. Shipley Do-Nuts, headquartered in Houston, operates over 375 areas throughout 14 states in the USA.
The acquisition includes a partnership with Shipley’s current administration crew, which is able to proceed to function from the corporate’s Houston headquarters. CEO Flynn Dekker leads the present govt crew. LLCP goals to increase Shipley’s unit depend and improve same-store gross sales progress as a part of its strategic aims.
Shipley Do-Nuts, established in 1936, presents quite a lot of donuts, kolaches, and occasional. The model is acknowledged for its handcrafted merchandise, with greater than 60 varieties obtainable. The acquisition by LLCP marks its 18th funding within the franchising sector, including to its portfolio of 32 manufacturers throughout numerous industries.
Kirkland & Ellis LLP and DLA Piper supplied authorized counsel for LLCP within the transaction. Shipley Do-Nuts acquired advisory providers from North Level and J.P. Morgan.
Levine Leichtman Capital Companions has a historical past of investments within the franchising trade, together with earlier investments in manufacturers similar to Tropical Smoothie Cafe, Nothing Bundt Muffins, and Hand & Stone.
