In the 2023 UV50, Savory was named the No. 1 Economic Engine in Utah Valley. Below is the writeup that appeared in both the print and digital versions of Utah Valley BusinessQ’s Fall 2023 issue.
CITY Lehi FOUNDED 2008 EMPLOYEES 5,600+ INDUSTRY Food and beverage WEBSITE SavoryFund.com FOUNDERS Andrew K. Smith (46) and Shauna K. Smith (44) THE COMPANY A private equity firm that invests in, partners with and builds restaurant concepts ready for growth.
TIP OF THE HAT
1. The largest restaurant group in Utah, Savory takes pride in creating thousands of jobs, developing real estate and dishing up everyone’s favorite places to eat.
2. Swig sold to The Larry H. Miller Company in a nine-figure deal and Mo’Bettahs is close to hitting 50 stores.
3. Swig has raised more than $500 million for its Save The Cups campaign, helping women who are fighting breast cancer to pay their bills.
4. Mo’Bettahs recently partnered with PGA TOUR winner Tony Finau and launched the “Finau Favorite” plate, with a portion of proceeds benefiting the Tony Finau Foundation.
5. With a future of acquiring new brands, Savory plans to raise Fund III and hire another 25,000 employees.
PROUD MOMENT “We added 6,100 jobs in 2022 and project to add an additional 11,000 jobs in 2023.”
