Peak Rock Capital Affiliate Acquires Shipley Do-Nuts

Levine Leichtman Capital Partners Acquires Shipley Do-Nuts from Peak Rock Capital

July 30, 2025

Restaurants & Hospitality

Levine Leichtman Capital Partners (LLCP) has partnered with Shipley Do-Nuts management to acquire the Houston-based franchisor from Peak Rock Capital. Shipley, founded in 1936, operates over 375 company-owned and franchised locations across 14 states; financial terms were not disclosed and the company will continue to be led by CEO Flynn Dekker as LLCP pursues accelerated unit growth and geographic expansion.

Petra Capital Partners and Patriot Capital Acquire Shipley Associates

September 12, 2022

Professional Services

Petra Capital Partners and Patriot Capital have acquired Shipley Associates, a Kaysville, Utah-based business development consulting and training firm. The transaction transfers ownership from Shipley's legacy owners to the two investment firms to support Shipley's global growth, technology-enabled innovation, and continued leadership in capture, proposal, and training services.

Peak Rock Capital Affiliate Acquires California Custom Fruits & Flavors (CCFF)

March 18, 2024

Food & Beverage

An affiliate of Peak Rock Capital has acquired California Custom Fruits & Flavors (CCFF); terms were not disclosed. Peak Rock will partner with CCFF's management and the Hall family (who remain investors) to accelerate growth by expanding capabilities and capacity and pursuing complementary add-on acquisitions. CCFF operates flavor and specialty ingredient manufacturing facilities in California and Indiana and supplies manufacturers and foodservice customers across dairy, bakery and beverage markets.

Peak Rock Capital Affiliate Acquires Turkey Hill Dairy from The Kroger Co.

April 29, 2019

Food & Beverage

An affiliate of Peak Rock Capital completed the acquisition of Turkey Hill Dairy from The Kroger Co. Turkey Hill, headquartered in Conestoga, Pennsylvania, is a manufacturer and distributor of ice cream and refrigerated drinks; Peak Rock said it will operate Turkey Hill as a standalone platform and pursue organic growth and complementary acquisitions.

Peak Rock Capital Affiliate Acquires Ziyad Brothers

February 11, 2022

Food & Beverage

An affiliate of Peak Rock Capital has completed the acquisition of Ziyad Brothers, a Chicago-area omni-channel provider of branded Middle Eastern and Mediterranean foods. The transaction is a platform investment intended to accelerate growth, with the Ziyad family and management partnering with Peak Rock as Nassem Ziyad becomes CEO.

Stonepeak Acquires Fleet Companies

November 19, 2024

Transportation

Stonepeak, a New York-based alternative investment firm, has acquired Fleet Companies, a regional trailer dealership and leasing company headquartered in Memphis, Tennessee. Fleet will serve as the seed asset for a national trailer platform Stonepeak plans to build across the U.S.; terms were not disclosed and the deal has closed.