Savory Fund Acquires Majority Stake in The Sicilian Butcher

October 12, 2022

Savory Fund has acquired a majority interest in chef Joey Maggiore’s The Sicilian Butcher and its sister concept The Sicilian Baker, committing up to $30 million to support expansion. The Maggiores will remain involved while Savory Fund joins the board and aims to rapidly scale the Arizona-based three-unit brand into new markets (Texas and Las Vegas) with a goal of 20 units over four years.

Buyers
Savory Fund
Targets
The Sicilian Butcher
Sellers
Joey Maggiore, Christina Maggiore
Location
Arizona, United States
Transaction Type
Buyout

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