Shipley Do-Nuts, a Houston-based coffee and pastry chain of about 300 stores in the southern U.S., has been bought by Peak Rock Capital, a private equity firm headquartered in Austin.
The purchase includes the Shipley Franchise Co. and the Shipley Do-Nut Flour & Supply Co. The price and terms of the deal were not made public.
Shipley was founded in 1936 as a wholesale supplier, selling a dozen donuts for five cents.
Shipley’s acquisition is among 25 buyouts Peak Rock has completed in recent years with local and regional family-owned companies, including Louisiana Fish Fry and Natural American Foods.
TRENDPOST: We continue to note these buyouts and acquisitions to illustrate how the COVID War will push more small businesses out of business, how the Bigs will get bigger, and the concentration of wealth will grow greater among the few.
