Consolidation • Financial Services

Mercato Partners Acquires Savory

On January 1, 2018, growth capital firm Mercato Partners acquired financial services company Savory

Acquisition Context
  • This is Mercato Partners’ 1st transaction in the Financial Services sector.
  • This is Mercato Partners’ 19th transaction in the United States.
  • This is Mercato Partners’ 13th transaction in Utah.

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M&A Deal Summary

Date January 1, 2018
Target Savory
Sector Financial Services
Buyer(s) Mercato Partners
Deal Type Consolidation

Target Company

Savory

Lehi, Utah, United States
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.
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Buyer Overview 1

Buyer

Mercato Partners

Salt Lake City, Utah, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.


Deal Context for Buyer #
Overall 20 of 27
Sector: Financial Services 1 of 2
Type: Consolidation 1 of 1
State: Utah 13 of 15
Country: United States 19 of 26
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 SaltStack

Lehi, Utah, United States

SaltStack intelligent IT automation software is used to help the largest businesses in the world manage and secure their digital infrastructure. Recognized for its powerful event-driven approach to hybrid cloud infrastructure configuration and control, SaltStack software delivers continuous compliance and vulnerability remediation while providing collaborative solutions for IT and SecOps teams.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 PrinterLogic

St. George, Utah, United States

PrinterLogic, a pioneer in enterprise print management software solutions. PrinterLogic’s printer and driver management platform reduces infrastructure costs by eliminating print servers and providing centralized management of every printer on the network. PrinterLogic was founded in 2001 and is based in St. George, Utah,.

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