The ownership of Shipley Do-Nuts, a name intrinsically tied to Houston and the city's various cultural underpinnings, has officially changed hands. Peak Rock Capital announced it has sold the brand to Levine Leichtman Capital Partners, a California-based private equity firm.

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Houston’s iconic Shipley Do-Nuts franchise has been sold to Levine Leichtman Capital Partners following record-setting growth under Peak Rock Capital.