Savory Invests in South Block for Expansion
In a strategic move for its 12th restaurant investment, private equity firm Savory has acquired a significant stake in the well-known acai brand South Block. This marks the first investment in Savory’s $200 million Fund III, focusing on the growth of promising restaurant concepts.
South Block, known for its customizable smoothies, acai bowls, toasts, and cold-pressed juices, has joined forces with Savory to enhance its reach and impact. Founder and CEO of South Block, Amir Mostafavi, will continue to lead the brand post-acquisition, ensuring a seamless transition.
A Perfect Fit for Savory’s Portfolio
Recognized for its fresh flavors, diverse menu, and community-centric approach, South Block aligns perfectly with Savory’s existing portfolio. The integration of South Block into Savory’s investment strategy reflects a shared commitment to innovation and growth within the restaurant industry.
Prioritizing People and Community
Mostafavi emphasizes South Block’s dedication to people, culture, and community, highlighting the importance of preserving these core values through the partnership with Savory. Both teams have shown enthusiasm for collaborating and driving positive change through job creation and community engagement.
Expanding Healthy Offerings Across Regions
With 15 locations across Virginia, Washington DC, and Maryland, South Block has established a strong presence in the healthy food space. Its vision of promoting well-being in a delicious and approachable manner resonates with consumers and aligns with Savory’s mission to support brands that make a meaningful impact.
Unwavering Commitment to Quality
Andrew K. Smith, managing partner at Savory, commends South Block for its exceptional menu offerings and loyal customer base. The investment in South Block reflects Savory’s dedication to partnering with brands that prioritize quality, innovation, and sustainable growth.
Strategic Additions to Savory’s Portfolio
Following the recent investment in Houston TX Hot Chicken, Savory continues to expand its portfolio with strategic acquisitions like South Block. These additions complement Savory’s existing roster of successful brands, showcasing a diverse range of dining experiences and culinary innovations.
Founder-Driven Investment Approach
Taylor DeHart, principal at Savory, emphasizes the importance of founder-driven investments and the value of authentic brand stories. By welcoming South Block into the Savory family, DeHart reinforces the company’s commitment to supporting visionary entrepreneurs and fostering long-term success.
While specific terms of the transaction remain undisclosed, the partnership between Savory and South Block signifies a new chapter in the growth and development of both brands. This collaboration underscores the potential for innovative growth strategies and industry leadership in the evolving restaurant landscape.