Levine Leichtman Capital Partners (LLCP) has acquired Shipley Do-Nuts, a Houston-based doughnut chain with 375 stores across 14 states, from Peak Rock Capital. The acquisition deal terms were not officially disclosed, but estimates suggest a valuation of up to $400 million. Shipley Do-Nuts, founded in 1936, expanded from 300 stores when Peak Rock acquired it in 2021 to its current footprint. Separately, PopUp Bagels, a New York City-based bagel chain known for its TikTok popularity, announced plans for a major nationwide expansion, signing 300 franchise locations and targeting a 10-state growth to compete with other fast-growing restaurant brands.