M&A Deal Summary

LHM Company Acquires Swig

On November 22, 2022, LHM Company acquired restaurant Swig from Savory

Acquisition Highlights
  • This is LHM Company’s 1st transaction in the Restaurants sector.
  • This is LHM Company’s 2nd transaction in the United States.
  • This is LHM Company’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-11-22
Target Swig
Sector Restaurants
Buyer(s) LHM Company
Sellers(s) Savory
Deal Type Divestiture
Advisor(s) Arlington Capital Advisors LLC (Financial)
Mayer Brown (Legal)

Target

Swig

Pleasant Grove, Utah, United States
website
Swig is a beverage shop that operates 45 stores in five states, creating over 11,000,000 customized drinks a year. Swig was formed in 2010 and is based in Pleasant Grove, Utah.

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Buyer(S) 1

Buyer

LHM Company

Sandy, Utah, United States

website

Category Company
Founded 1979
Sector Automotive
DESCRIPTION

LHM Company is a privately owned new and pre-owned automotive retailer in the western United States. The company owns and operates 54 dealerships in Utah, Colorado, Arizona, New Mexico, Idaho, Washington, and California. LHM Company was formed in 1979 and is headquartered in Sandy, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Larry H. Miller Ford Mesa

Mesa, Arizona, United States

Larry H. Miller Ford Mesa is an operator of Ford dealership in Arizona. The company offers new and used cars, trucks, wagons, vans, crossovers, and sports utility vehicles.

Buy -

Seller(S) 1

SELLER

Savory

Lehi, Utah, United States

website

Category Company
Sector Financial Services
DESCRIPTION

Savory is an Investment company, partners with restaurateurs to expand unique brands that target unique, new and undiscovered parts of the food & beverage industry. Savory is based in Lehi, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 The Sicilian Butcher

Phoenix, Arizona, United States

The Sicilian Butcher is known for its family-style meat and cheese platters, bruschetta boards, and build-your-own meatball platters. The Sicilian Baker’s three locations are attached to each Sicilian Butcher restaurant and offer up a cannoli bar, Pasticceria, and homemade gelato. The Sicilian Butcher was founded in 2017 and is based in Phoenix, Arizona.

Buy -
Mergr

Product

Company

Legal