Draft:Savory Fund
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Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. Spicesavant (talk) 06:30, 16 September 2025 (UTC)
Savory Fund is a Utah-based private equity firm that invests in emerging restaurant brands.[1] Founded by husband-wife partnership Andrew K. Smith and Shauna K. Smith in 2018, Savory Fund currently has more than $750 million in assets under management and provides growth capital and operational support to multi-unit restaurant concepts (a mix of QSR, fast casual, and casual) across the United States.[2][3]
Prior to Savory Fund, co-founders Andrew and Shauna Smith were the founders of Four Foods Group, which owned 130+ franchise locations of Little Caesars and Kneaders Bakery & Cafe.[4]
Savory's portfolio brands
Savory currently has investments in 13 portfolio companies across three funds:[5]
- Swig, a Utah-based Dirty Soda shop.[6] In 2022, The Larry H. Miller Company acquired a majority stake in Swig, with Savory Fund retaining a significant minority stake.[7] The deal was recognized as Franchise Times 2023 Deal of the Year.[8]
- Mo' Bettahs Hawaiian Style Food, a Utah-based fast casual concept serving Hawaiian plate lunch.[9] In 2024, Blue Marlin Partners and Trive Capital acquired a majority stake in Mo' Bettahs, with Savory Fund retaining a significant minority stake.[7] The deal was named Mergers & Acquisitions' 2025 Food and Beverage Deal of the Year.[10]
- R&R BBQ, a fast casual barbecue concept.[11]
- Via 313 Pizzeria, a Detroit-style casual concept started in Austin, Texas.[12]
- Hash Kitchen, a casual brunch concept founded in Phoenix, Arizona.[13]
- PINCHO, a Miami-based burger and kebab fast casual concept serving Latin takes on American classics.[14]
- Saigon Hustle, a Houston-based modern Vietnamese fast casual. Saigon Hustle won Savory's "Million Dollar Launch" contest in 2022.[15]
- 86 Repairs, a restaurant repairs tech company — and the private equity firm's only tech asset in its portfolio.[16]
- The Sicilian Butcher, a casual dining Italian eatery based out of Phoenix, Arizona.[17]
- Houston TX Hot Chicken, a Nashville hot chicken concept that began in Las Vegas.[18]
- South Block, a Washington, D.C.-based acai and smoothie bowl concept.[19]
- Bonrue Bakery, a European-style patisserie founded in St. George, Utah.[20]
- Hawkers Asian Street Food, an Orlando-based causal dining concept featuring Asian fusion cuisine.[21]
Leadership
- Andrew K. Smith, Managing Director + Co-Founder
- Ernst & Young Entrepreneur of the Year Award in 2017[22]
- Former tech CEO[23]
- Shauna K. Smith, CEO + Co-Founder
Restaurantology
Every year, Savory Fund hosts a free conference for restaurant operators called Restaurantology, which is attended by 500+ operators from around the country.[26]
External Links
References
- ^ Raymond, Art (June 14, 2020). "New $90M Savory Fund will seek opportunity in fast-casual restaurant realm". Deseret News. Archived from the original on June 13, 2025. Retrieved September 16, 2025.
- ^ Walchef, Shawn P. (August 26, 2025). "He Went From Dishwasher to $750 Million in Assets". Entrepreneur. Retrieved September 16, 2025.
- ^ Manos, Diana (May 16, 2023). "The rise of Savory Fund". Utah Business. Archived from the original on October 11, 2025. Retrieved September 16, 2025.
- ^ Smith, Shauna (February 16, 2021). "How I founded more than 100 restaurants". Utah Business. Archived from the original on April 21, 2025. Retrieved September 16, 2025.
- ^ Oches, Sam (July 2, 2025). "Savory Fund CEO Shauna Smith details group's supportive structure among 13 chains". Nation's Restaurant News. Retrieved September 16, 2025.
- ^ Petersen, Victoria (December 6, 2021). "In the Mountain West, the 'Dirty' Soda Rush Is On". New York Times. Retrieved September 16, 2025.
- ^ a b Guszkowski, Joe (November 22, 2022). "Swig gets new majority owner in Utah's Larry H. Miller Co". Restaurant Business. Archived from the original on July 21, 2025. Retrieved September 16, 2025.
- ^ Ewen, Beth (April 27, 2023). "Meet the Women Leaders Pushing Swig's Rapid Growth in Deal of the Year". franchisetimes.com. Archived from the original on May 25, 2023. Retrieved September 16, 2025.
- ^ Krishna, Priya (April 23, 2018). "Hawaiian Food Is Flourishing … in Utah?". New York Times. Retrieved September 16, 2025.
- ^ Coley, Ben (May 12, 2025). "Mo' Bettahs Transaction Named Mergers & Acquisitions' 2025 Food & Beverage Deal of the Year". QSR Magazine. Archived from the original on September 16, 2025. Retrieved September 16, 2025.
- ^ Maze, Jonathan (June 4, 2020). "Mercato Partners announces a new $90M restaurant investment fund". Restaurant Business. Retrieved September 16, 2025.
- ^ "Via 313 Pizzeria coming to the masses". Pizza Marketplace. April 23, 2021. Retrieved September 16, 2025.
- ^ Ruggless, Ron (November 10, 2021). "Savory Fund invests $20M in Hash Kitchen breakfast-brunch concept". Nation's Restaurant News. Retrieved September 16, 2025.
- ^ Fantozzi, Joanna (September 9, 2021). "Savory Fund announces first restaurant investment since $100 million second funding round". Nation's Restaurant News. Archived from the original on July 23, 2025. Retrieved September 16, 2025.
- ^ Guszkowski, Joe (July 26, 2022). "This Houston drive-thru restaurant just won $1M". Restaurant Business. Retrieved September 16, 2025.
- ^ Guszkowski, Joe (July 26, 2022). "86 Repairs raises $15.2M for equipment management service". Restaurant Business. Archived from the original on August 10, 2025. Retrieved September 16, 2025.
- ^ "Savory Fund acquires majority interest stake in The Sicilian Butcher with up to $30 million investment". Nation's Restaurant News. Retrieved September 16, 2025.
- ^ Maze, Jonathan (November 2, 2023). "Savory Fund invests in a hot chicken chain". Restaurant Business. Retrieved September 16, 2025.
- ^ Petre, Holly (January 31, 2024). "Savory Fund acquires health food-focused restaurant South Block from its $200M fund". Nation's Restaurant News. Archived from the original on June 9, 2025. Retrieved September 16, 2025.
- ^ Williams, Carter (June 6, 2025). "Popular southern Utah bakery acquired, setting up expansion to Wasatch Front". KSL.com. Retrieved September 16, 2025.
- ^ Stern, Gary (June 25, 2025). "Hawkers Asian Street Food Boosted By Private Equity Investment". Forbes. Archived from the original on July 20, 2025. Retrieved September 16, 2025.
- ^ Neely, Karissa. "Utah County business leaders clean up at EY Entrepreneur of the Year awards". Daily Herald. Provo, UT. Retrieved September 16, 2025.
- ^ Walchef, Shawn P. (August 26, 2025). "He Went From Dishwasher to $750 Million in Assets". Entrepreneur. Retrieved September 16, 2025.
- ^ Malan, Mekenna (May 10, 2022). "Meet the 2022 30 Women to Watch". Utah Business. Archived from the original on September 9, 2025. Retrieved September 16, 2025.
- ^ Shauna Smith | Savory Restaurant Fund | 2022 CEO of the Year. Utah Business. April 1, 2022. Archived from the original on October 7, 2025. Retrieved September 16, 2025 – via YouTube.
- ^ "Savory Fund's 7th annual Restaurantology goes 'Off the Record" this September". Nation's Restaurant News. Retrieved September 16, 2025.
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