NewSpring Acquires Duck Donuts with Investment from Free Fenix

NewSpring Franchise (NewSpring) Makes Growth Investment in Federal Donuts

April 5, 2022

Restaurants & Hospitality

NewSpring Franchise, a dedicated strategy of private equity firm NewSpring, completed a growth equity investment in Philadelphia-based Federal Donuts to support the brand's expansion. The capital will be used to open new locations across the Mid-Atlantic and provide infrastructure, technology, and board support while Federal Donuts' founders remain owners and continue to operate the business.

Swander Pace Capital Acquires Maple Donuts

June 2, 2025

Food & Beverage

Swander Pace Capital has acquired Maple Donuts Inc., a Pennsylvania-based manufacturer of frozen private-label donuts, with Partners Capital and Constitution Capital Partners serving as lead co-investors. The Burnside family will transition the business to Swander Pace, which plans to expand Maple Donuts' product offerings, production capabilities, and market reach as part of its bakery-platform strategy.

Ethos Capital Acquires Majority Control of Donuts Inc.

March 31, 2021

Telecommunications

Ethos Capital has completed an investment to acquire a controlling interest in Donuts Inc. from Abry Partners. The deal brings Ethos (with strategic partners The Baupost Group and Neuberger Berman) in control of the domain registry operator, which is headquartered in Bellevue, Washington and manages roughly 25 million domains with ~300 employees.

New Engen Acquires Donut Digital

September 26, 2024

Marketing & Advertising

New Engen, a Seattle-based digital marketing agency, has acquired Donut Digital, a creative-led performance marketing agency based in Manhattan Beach, California. The acquisition expands New Engen's creative and content production capabilities, enabling a full-service content studio for short-form social, UGC, and premium CTV/OTT content.

Exeter Capital (with Pittco) Acquires FL Glaze, LLC (100-unit Dunkin' Franchisee)

December 7, 2022

Restaurants & Hospitality

Exeter Capital led the acquisition of FL Glaze, LLC, the largest Dunkin’ franchisee in Florida operating 100 Dunkin' units, with a capital investment from Pittco Direct Investments II, LP. The transaction establishes Exeter’s platform presence in Florida’s Dunkin’ market and provides growth capital and scale for the franchisee.

Recurrent Ventures Acquires Donut Media

November 9, 2021

Media & Entertainment

Recurrent Ventures has acquired Donut Media, the Los Angeles-based digital automotive media company and the largest automotive brand on YouTube. The acquisition expands Recurrent's video, social, and e-commerce capabilities while keeping Donut's leadership and staff in place to continue producing automotive content and merchandise.