LLCP completed the acquisition of Shipley from Peak Rock.

LLCP, a private equity firm, completed the acquisition of Shipley, an American doughnut company and coffeehouse chain, from Peak Rock, a private equity firm. Financial terms were not disclosed. "We are excited to partner with Flynn and the outstanding Shipley management team, who have been executing on a successful growth strategy. Together, we see a tremendous opportunity to build on this foundation by expanding unit count even further to capture the substantial whitespace and driving strong same-store sales growth," Matthew Frankel, LLCP Managing Partner.