M&A Deal Summary

Savory Acquires The Sicilian Butcher

On October 12, 2022, Savory acquired restaurant The Sicilian Butcher

Acquisition Highlights
  • This is Savory’s 6th transaction in the Restaurants sector.
  • This is Savory’s 7th transaction in the United States.
  • This is Savory’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2022-10-12
Target The Sicilian Butcher
Sector Restaurants
Buyer(s) Savory
Deal Type Add-on Acquisition

Target

The Sicilian Butcher

Phoenix, Arizona, United States
website
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.

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Buyer(S) 1

Buyer

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 7 of 7
Sector (Restaurants) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (Arizona) 2 of 2
Country (United States) 7 of 7
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 86 Repairs

Grand Rapids, Michigan, United States

86 Repairs is a repair and maintenance management platform built for the restaurant industry. Its tech-enabled solution includes on-demand repair management and preventative maintenance. With 86 Repairs, restaurants have access to data-driven insights and 24/7 support to control their facilities, reduce their R&M costs, and spend less of their team’s time on equipment repairs. 86 Repairs was founded in 2018 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 Swig

Pleasant Grove, Utah, United States

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.

Sell -
Mergr

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