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Replication Strategies

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Brand Development & Marketing

Good Taste

We are people investors first. Well before we invest into brands, properties, and growth, we invest into operators. And that’s because at Savory, we’re operators at our core. We’ve done everything our partners and restauranteurs have done on a daily basis. We love this industry. We’ve breathed this industry. And we’ve built a team of 80 F&B veterans with diverse backgrounds to help each of our brands succeed in any market.

Culinary Chronicles HOT OFF THE PRESS

January 31, 2024

South Block And Savory Fund Ink Deal To Bring Acai To The Masses

March 1, 2024

Houston TX Hot Chicken Expanding in Utah

February 5, 2024

Saigon Hustle Gets Ready For The Spotlight

Our Brands

Your favorite place to eat is a Savory restaurant. Savory partners with brands that target unique, new and undiscovered parts of the food & beverage industry. Each concept is a leader in its respective field — even before Savory and its value-add leadership team get involved. Then the Savory synergy begins.

1,275

Employees (Corporate Only)

62

Corporate Locations

3

Franchise Locations

25

Coming Soon Corporate Locations

16

Coming Soon Franchise Locations

Home of the Original Dirty Soda, Swig is one of the fastest-growing and most successful beverage-focused brands in the country. Founded in 2010 in St. George, Utah, by Nicole Tanner, Swig now has 60+ locations across seven states. And with the launch of multi-unit franchising in 2023, it will double both its store and state count in 2024. Swig’s menu features a variety of house-made concoctions that put a tasteful twist on the traditional fountain drink. Specializing in fast service and delicious drinks and sweets, Swig is your morning mojo, your afternoon pick-me-up, and your anytime sweet tooth satisfaction.

Home of the Original Dirty Soda, Swig is one of the fastest-growing and most successful beverage-focused brands in the country. Founded in 2010 in St. George, Utah, by Nicole Tanner, Swig now has 60+ locations across seven states. And with the launch of multi-unit franchising in 2023, it will double both its store and state count in 2024. Swig’s menu features a variety of house-made concoctions that put a tasteful twist on the traditional fountain drink. Specializing in fast service and delicious drinks and sweets, Swig is your morning mojo, your afternoon pick-me-up, and your anytime sweet tooth satisfaction.

Swig x Savory

“Our partnership with Savory transformed Swig’s trajectory. They recognized the heart and essence of what Swig is — sharing ‘happiness in a cup’ — and throughout all of our growth and re-branding, that mission has stayed at the forefront. It’s what sets Savory apart from other investors. As a founder, I felt like I gained a true partner and collaborator.” — Nicole Tanner, founder of Swig

Mo' Bettahs

1,115

Employees

53

Locations

11

Coming Soon

Mo’ Bettahs is an authentic Hawaiian island barbeque experience. Founded in Bountiful, Utah, in 2008 by Kimo and Kalani Mack, Mo’ Bettahs dishes up the same plate lunch recipes the Mack brothers enjoyed while growing up on Oahu, Hawaii: grilled teriyaki chicken and steak, kalua pig, deep-fried katsu chicken, homemade macaroni salad, steamed rice, and Spam Musubi. Since partnering with Savory, Mo’ Bettahs has grown to 50+ locations spanning seven states. Mo’ Bettahs offers dine-in, takeout, and catering and will spread the aloha spirit to more communities through continued expansion in the coming months.

Mo’ Bettahs is an authentic Hawaiian island barbeque experience. Founded in Bountiful, Utah, in 2008 by Kimo and Kalani Mack, Mo’ Bettahs dishes up the same plate lunch recipes the Mack brothers enjoyed while growing up on Oahu, Hawaii: grilled teriyaki chicken and steak, kalua pig, deep-fried katsu chicken, homemade macaroni salad, steamed rice, and Spam Musubi. Since partnering with Savory, Mo’ Bettahs has grown to 50+ locations spanning seven states. Mo’ Bettahs offers dine-in, takeout, and catering and will spread the aloha spirit to more communities through continued expansion in the coming months.

Mo’ Bettahs x Savory

“Savory doesn’t just throw money at you; they throw partnership at you. They’ve listened, learned, and led our expansion with both smarts and heart. They’ve supported us with HR, accounting, marketing, development, strategies — all while valuing our vision for the brand and letting us have give and take, push and pull. They didn’t want us founders to get out of the way. They valued our experience and our heritage — and helped us leverage that so we could grow the right way.” — Kimo Mack, co-founder of Mo’ Bettahs

Houston TX Hot Chicken

150

Employees

6

Corporate Locations

8

Franchise Locations

4

Coming Soon Corporate Locations

8

Coming Soon Franchise Locations

Houston TX Hot Chicken is a fast-casual restaurant offering delicious Nashville hot chicken sandwiches and other southern-inspired favorites. The ingredients are all natural, sourced responsibly, free range, and never frozen. HHC was founded in 2021 by Edmond Barseghian and has 14 locations across seven states: Nevada, Texas, Utah, California, Idaho, Washington, and Arizona. HHC has been voted one of the Top Places to Eat by Yelp two years running, and is one of the fastest-growing hot chicken concepts in the country.

Houston TX Hot Chicken is a fast-casual restaurant offering delicious Nashville hot chicken sandwiches and other southern-inspired favorites. The ingredients are all natural, sourced responsibly, free range, and never frozen. HHC was founded in 2021 by Edmond Barseghian and has 14 locations across seven states: Nevada, Texas, Utah, California, Idaho, Washington, and Arizona. HHC has been voted one of the Top Places to Eat by Yelp two years running, and is one of the fastest-growing hot chicken concepts in the country.

HHC x Savory

“This collaboration with Savory Fund transcends a merger; it signifies the harmonious convergence of two passionate forces, both driven by a shared vision of uncompromising excellence. Together, we are primed to amplify our operational capabilities. The journey ahead is electrifying, and I cannot wait to share the HHC experience with every corner of the country.” — Edmond Barseghian

Hash Kitchen

350

Employees

8

Locations

5

Coming Soon

Hash Kitchen is a chef-driven, brunch-only concept, created by executive chef Joey Maggiore, his wife, Cristina, and their business partner Flora Tersigni. The re-imagined brunch menu is known for its variety of hashes, frittatas, scramblers, pancakes, morning cocktails and DIY Bloody Mary bar with an extensive topping selection with in-house infused vodkas to choose from. Guests also can dance with a DJ playing music on the weekends.

Hash Kitchen is a chef-driven, brunch-only concept, created by executive chef Joey Maggiore, his wife, Cristina, and their business partner Flora Tersigni. The re-imagined brunch menu is known for its variety of hashes, frittatas, scramblers, pancakes, morning cocktails and DIY Bloody Mary bar with an extensive topping selection with in-house infused vodkas to choose from. Guests also can dance with a DJ playing music on the weekends.

Hash Kitchen x Savory

“Hash Kitchen is the concept that started it all for The Maggiore Group. It’s practically one of our babies! But when the time came to grow it, we found the best possible partners in Savory. They have become true collaborators and friends who clearly love Hash Kitchen like we do and have the know-how to help us expand it across the country. A shared vision with trusted partners is a beautiful thing!” — Cristina Maggiore, co-founder of Hash Kitchen

Via 313 Pizzeria

625

Employees

17

Locations

7

Coming Soon

Founded by Detroit-born brothers, Brandon and Zane Hunt, Via 313 started in 2011 as a nondescript trailer in Austin, Texas. It’s since grown to 17 locations in three states — and is working hard to bring the beloved Detroit-style pizza to new corners of the country. Via 313’s energized growth is thanks to world-class ingredients and hometown heart. The pizzas are called square, but they’re actually rectangle and baked in metal trays — just like the ones used on the automotive assembly lines at the Big Three. What’s more, Via 313 offers dairy-free and gluten-free options, making it a dining destination for all. USA Today even named it the Best Gluten-Free Pizza in America — proving that when it comes to quality, their square corners cut no corners.

Founded by Detroit-born brothers, Brandon and Zane Hunt, Via 313 started in 2011 as a nondescript trailer in Austin, Texas. It’s since grown to 17 locations in three states — and is working hard to bring the beloved Detroit-style pizza to new corners of the country. Via 313’s energized growth is thanks to world-class ingredients and hometown heart. The pizzas are called square, but they’re actually rectangle and baked in metal trays — just like the ones used on the automotive assembly lines at the Big Three. What’s more, Via 313 offers dairy-free and gluten-free options, making it a dining destination for all. USA Today even named it the Best Gluten-Free Pizza in America — proving that when it comes to quality, their square corners cut no corners.

Via 313 x Savory

“Looking back, we can say we wish we would have done the partnership with Savory sooner. Having their teams assist on many aspects of our business has been incredibly helpful and a tremendous learning experience for us. We are extremely grateful for their help and guidance in making Via 313 Pizzeria the leader in Detroit-Style Pizza.” Brandon and Zane Hunt, Co-Founders

PINCHO Burgers & Kebabs

200

Employees

11

Locations

2

Coming Soon

PINCHO is something uniquely Miami and — like the city of its birth — beautifully international. Founded by Otto Othman, Nedal Ahmad and Nizar Ahmad in 2010, PINCHO was inspired by Otto’s mother’s famous kebabs (aka pinchos) and a Latin take on the classic American burger. Serving a gorgeous feast of fast, flavorful fusion, PINCHO quickly expanded to 10 popular locations throughout Florida. In 2023, it started its expansion into Texas and now has three locations in the heart of Houston. The beloved brand has attracted families and foodies alike from all over the U.S. and has won awards every year of its 14-year history.

PINCHO is something uniquely Miami and — like the city of its birth — beautifully international. Founded by Otto Othman, Nedal Ahmad and Nizar Ahmad in 2010, PINCHO was inspired by Otto’s mother’s famous kebabs (aka pinchos) and a Latin take on the classic American burger. Serving a gorgeous feast of fast, flavorful fusion, PINCHO quickly expanded to 10 popular locations throughout Florida. In 2023, it started its expansion into Texas and now has three locations in the heart of Houston. The beloved brand has attracted families and foodies alike from all over the U.S. and has won awards every year of its 14-year history.

PINCHO x Savory

“Savory Fund is hands-down the best growth equity investor in the restaurant game. The operational support PINCHO gets from the Savory platform is unmatched. It’s hard to imagine a world where I would scale any other brand without them.” — Otto Othman, co-founder of PINCHO

Saigon Hustle

25

Employees

1

Locations

1

Coming Soon

Saigon Hustle is where traditional Vietnamese cuisine meets modern flair. Founded by Cassie Ghaffar and Sandy Nguyen, co-owners, entrepreneurs, and best friends who met at the University of Houston. The duo reunited to create their experiential fast-casual drive-thru and dine-in concept that offers a variety of healthy, quick options for daily life. Saigon Hustle uses locally sourced ingredients for Banh Mi, rolls, bowls, salads, soups, wings, and more.

Saigon Hustle is where traditional Vietnamese cuisine meets modern flair. Founded by Cassie Ghaffar and Sandy Nguyen, co-owners, entrepreneurs, and best friends who met at the University of Houston. The duo reunited to create their experiential fast-casual drive-thru and dine-in concept that offers a variety of healthy, quick options for daily life. Saigon Hustle uses locally sourced ingredients for Banh Mi, rolls, bowls, salads, soups, wings, and more.

Saigon Hustle x Savory

“We are incredibly grateful for our partnership with Savory Fund. Their wealth of knowledge in operations, real estate, and proven growth strategies has been invaluable. Working together toward our common goal has sparked a level of excitement and enthusiasm that is truly unmatched. Their provision of benchmarks and challenging goals has driven us to exceed our own expectations. Being a seasoned restaurant operator is one thing, but to grow your vision into a dream takes a like-minded team. At Saigon Hustle, even before we opened one unit, we knew it was a brand that deserved exponential growth. By partnering up with Savory Fund, we’re turning that dream into reality without enduring all the hardships — both time and money — alone.” — Sandy Nguyen & Cassie Ghaffar, Co-Founders

South Block

300

Employees

15

Locations

4

Coming Soon

South Block opened its first location in Clarendon, VA in 2011 with a mission to build healthier communities — one block at a time. It specializes in fresh, made-to-order smoothies, acai bowls, toasts, and cold-pressed juices. South Block now has 15 locations across DC, Maryland, and Virginia. Mostafavi also started a nonprofit for South Block called Fruitful Planet, which provides fresh fruits and vegetables to underserved communities.

South Block opened its first location in Clarendon, VA in 2011 with a mission to build healthier communities — one block at a time. It specializes in fresh, made-to-order smoothies, acai bowls, toasts, and cold-pressed juices. South Block now has 15 locations across DC, Maryland, and Virginia. Mostafavi also started a nonprofit for South Block called Fruitful Planet, which provides fresh fruits and vegetables to underserved communities.

South Block x Savory

“South Block was built by always putting people first. Our people, our culture, and our community are the driving force behind what makes South Block shine. When seeking a partnership to accelerate our growth, we knew we couldn’t compromise our core values. Savory stood out because of their focus on founders’ vision and their dedication to culture. Our teams have blended so well from the start. We couldn’t be more excited about the jobs we are going to create, and the positive impact we are committed to cultivating on every block we become a part of.” — Amir Mostafavi, founder of South Block

The Sicilian Butcher

275

Employees

3

Locations

1

Coming Soon

The Sicilian Butcher, Craft Meatballs and Charcuterie Bar, is a modern-casual restaurant for Sicilian and Italian-inspired charcuterie and bruschetta boards, fresh, handmade pasta made daily and a choose-your-own-meatball experience. Adjacent to The Sicilian Butcher is The Sicilian Baker, a cannoli bar with a dozen cannoli cream options, gelato bar, espresso bar, and an authentic Italian-style pasticceria where guests can choose from a selection of sweet and savory pastries and desserts.

The Sicilian Butcher, Craft Meatballs and Charcuterie Bar, is a modern-casual restaurant for Sicilian and Italian-inspired charcuterie and bruschetta boards, fresh, handmade pasta made daily and a choose-your-own-meatball experience. Adjacent to The Sicilian Butcher is The Sicilian Baker, a cannoli bar with a dozen cannoli cream options, gelato bar, espresso bar, and an authentic Italian-style pasticceria where guests can choose from a selection of sweet and savory pastries and desserts.

The Sicilian Butcher x Savory

“I wouldn’t trust my father’s legacy with just any partners, but it was an easy decision to team up and work with Andrew, Shauna, and the Savory team on this concept that means so much to my family. Savory has smart, experienced, savvy leaders, and with our successful partnership with Hash Kitchen already underway, we knew it was time for Savory to start speaking with an Italian accent!” — Joey Maggiore, co-founder of The Sicilian Butcher

R&R BBQ

375

Employees

13

Locations

Slowly smoked, quickly devoured. Founded in 2013, R&R’s Pit Masters have spent years crafting the perfect techniques — and nine grand championships later, it’s serving up the best BBQ to ever hit you in the lips. With 12 locations in two states, R&R has developed a richly loyal following in the Rocky Mountain region. From brick-and-mortar to delivery to full-service catering, R&R has become a hotspot for where tradition meets innovation.

Slowly smoked, quickly devoured. Founded in 2013, R&R’s Pit Masters have spent years crafting the perfect techniques — and nine grand championships later, it’s serving up the best BBQ to ever hit you in the lips. With 12 locations in two states, R&R has developed a richly loyal following in the Rocky Mountain region. From brick-and-mortar to delivery to full-service catering, R&R has become a hotspot for where tradition meets innovation.

R&R x Savory

“R&R BBQ has always had a devoted following, but Savory took it to the next level. Their management team has worked right alongside us, and they’ve helped us fine tune our menu, expand our catering services, and grow our footprint — all while staying dedicated to what made R&R so beloved in the first place.” — Emery Winward, VP of Operations

86 Repairs

86 Repairs is the 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 manages the repair and maintenance process for more than 2,000 restaurant operators in the U.S. and Canada, from upscale full-service restaurants to quick-service franchised brands.

86 Repairs x Savory

“Savory has been an incredible partner to 86 Repairs, both as a key customer and a strategic advisor. We’ve learned and grown a lot from our relationships with Savory team members, who have always been willing to provide feedback, lend support, and strengthen our relationship at every turn. I can’t recommend Savory enough as an exceptional restaurant operator and industry ally.” Daniel Estrada, President and CEO, 86 Repairs

Leveraged Leadership

Seasoned Executives

When you’re a Savory brand, you have an army behind you. Savory’s leadership is led by industry veterans who have operator genes with growth mindsets.

Leveraged Leadership

Investment Team

Savory Fund’s Investment Team is laser focused on the portfolio, its profitability, its portability, and its partners.

Leveraged Leadership

Value-Add Management Team

From operations and finance to development and marketing, our team of executives works hand-in-hand with brand leadership to grow the concept — while keeping the heart and soul of what made it special in the first place.

Andrew K. Smith

Managing Director & Co-founder

Andrew K. Smith

Managing Director & Co-founder

Andrew began his career as an entrepreneur at the age of 23 as a tech CEO. Between 1998 and 2009, he co-founded 3 tech companies and exited each of them via private and public exists.

Lauded for his entrepreneurial prowess and investment acumen, Andrew is the Managing Partner and Co-Founder of Savory Fund. Under Andrew’s visionary leadership, Savory has grown to oversee assets exceeding $750 million. The fund’s track record boasts successful closures of Fund I and II at $100 million each in 2020 and 2021, respectively. Fund III launched in January 2024 and is a $200M fund.

Before his commendable journey with Savory, Andrew’s entrepreneurial spirit led him to co-found three technology-centric enterprises between 1998 and 2008. All three ventures experienced prosperous exits, either through public or private acquisitions. A master of adaptability, he transitioned into the restaurant industry during a recessionary period, making significant strides by developing, acquiring, and operating over 400 restaurants across a dozen states since 2008. Cumulatively, these establishments have raked in sales north of $2.5 billion, offering employment opportunities to over 40,000 individuals.

In 2017, Andrew was conferred with the esteemed EY Entrepreneur of the Year® award, closely followed by honors like KPMG’s Quantum Award, BusinessQ’s Entrepreneur of the Year, and the coveted UV50 Triple Crown Award in 2018.

A family man at heart, Andrew has been happily married for 25 years to Shauna Smith. Together, they are proud parents of two boys and a wonderful daughter-in-law.

Greg Warnock

Managing Director & Co-founder

Greg Warnock

Managing Director & Co-founder

Greg Warnock, PhD, is a technologist, innovator, and entrepreneur with a proven history of building and growing companies.

Greg is the Co-Founder and Managing Director of Savory Fund, where he is a board member of Mo’ Bettahs, R&R, Via 313, Houston TX Hot Chicken, Sicilian Butcher, and South Block. Greg is also the Co-Founder and Managing Director of Mercato Partners, where he is involved on the boards of Stance, Cradlepoint, and Galileo. Prior to Mercato Partners, Greg was co-founder and managing director of vSpring Capital, an early stage venture capital fund. Before vSpring, Greg was principal in more than 20 M&A transactions and launched several businesses spanning technology, consumer, biotech, and marketing.

Greg was also the founder of Junto Partners, an entrepreneurship education initiative designed to train and mentor aspiring entrepreneurs and is a past chairman of the board for the Community Foundation of Utah. Greg has been named Utah Business Outstanding Director and Utah Business Mentor of the Year and was honored with the Supporter of Entrepreneurship Award by Ernst & Young.

Greg received a B.S. in computer science and an M.B.A. and PhD in Entrepreneurship and Venture Finance from University of Utah’s David Eccles School of Business. Greg enjoys collecting and restoring muscle cars.

Shauna Smith

CEO & Co-founder

Shauna Smith

CEO & Co-founder

As CEO and co-founder of Savory, Shauna is an accomplished executive leader with more than 15 years of experience at the helm of Food & Beverage organizations. Shauna has been integral in developing, acquiring, and operating over 400 restaurants across a dozen states since 2008. Cumulatively, these establishments have raked in sales north of $2.5 billion, offering employment opportunities to over 40,000 individuals. Her primary focus is elevating operational efficiencies and accelerating revenue growth across the various brands in the Savory portfolio. With an operational depth supported by a 70-person value-add team, she directly supervises the senior leaders of each portfolio company to ensure both strategic and tactical objectives are met. This remarkable growth trajectory earned the firm multiple accolades, including back-to-back fast-growth awards from Restaurant Monitor, as well as eight appearances on Inc. Magazine’s prestigious Inc. 500 list — a testament to its rapid expansion and success.

Beyond her organizational achievements, Shauna herself has been the recipient of several distinguished industry awards. She was featured on the cover of Franchise Times in both November 2018 and May 2023 and was honored by Utah Business Magazine as one of the “30 Women to Watch” in 2019. Furthermore, she received the prestigious CXO of the Year award in 2020, and the CEO of the Year award in 2022 by Utah Business.

Originally hailing from Dothan, Alabama, Shauna currently makes her home in Utah with her family, husband of 25 years, Andrew Smith, and their two sons and daughter-in-law.

Tyler Nelson

President

Tyler Nelson

President

Tyler is President of the Savory Value-Add Platform. In this role, he leverages 23 years of experience in accounting and finance, capital structure advisory, development and implementation of infrastructure and controls, and strategic mergers and acquisitions to aid in leadership and investment strategies.

Prior to Savory, Tyler was the CFO of Four Foods Group, a restaurant investment and management company focused on the underserved lower-middle market in the food and beverage industry. Tyler assisted in developing the FFG platform, successfully integrating and growing five promising food concepts by implementing systems, assembling a best-in-class team, and raising over $75MM in capital for expansion. During his time at FFG, revenue grew from $6MM in 2010 to over $140M in 2017. He has a bachelor’s of accounting from BYU — where he also played football on scholarship.

Josh Boshard

COO

Josh Boshard

COO

Josh serves as Chief Operating Officer at the Savory Value-Add platform, performing as the curator of best practices as he oversees the diverse and extensive controls of the organization. His role as a solution architect enables building and optimizing technology to empower core restaurant operations and program communications. Josh boasts 20 years of experience in the restaurant, technology, and insurance industries. Josh joined Andrew Smith at Four Foods Group in 2009 as the second employee. He was a vital component of the success strategy from the early days — only to grow from one restaurant to 170 locations with 5000+ employees in 10 years. Prior to FFG, Josh was the Director of Client Services at AxisPointe Inc., where he led his team to year-over-year increases in customer satisfaction and sales generation.

Steven Black

General Counsel

Steven Black

General Counsel

Steven is significantly involved in new store development and strategic planning in behalf of the Savory portfolio companies. Steven joins the Savory team with 25+ years of experience in business transactions including the areas of real estate, asset-backed acquisitions, corporate law, and tax law. His clients have included Fortune 500 companies, real estate developers, investors, lenders, borrowers, financial institutions, and software companies. Steven holds a Master of Accountancy degree from Brigham Young University and a Juris Doctorate degree, magna cum laude, from Brigham Young University. In his spare time, Steven enjoys playing competitive tennis and coaching the Lone Peak High School boys and girls tennis teams. He also loves to spend time with his amazing wife (who is also a CPA) reading the beautifully poetic language of the Internal Revenue Code.

Richie Stevens

VP of Finance

Richie Stevens

VP of Finance

Richie serves as VP of Finance for Savory Fund. Previously Director of Finance for Savory’s Value-Add Platform, Richie has 13 years of experience in finance and accounting for growth companies, as well as M&A diligence and post-acquisition integration. He has been instrumental in building and implementing systems for hyper-growth brands, and he has also developed the financial reporting framework that elevates and strengthens the strategic decision-making process. Richie started his career at Deloitte, and he has a Masters of Accountancy from the University of Utah.

Taylor DeHart

Principal

Taylor DeHart

Principal

Taylor brings expertise in food and beverage investments and financial strategy for emerging brands, as well as harvest modeling and transaction structuring. His expertise includes operational improvement and margin enhancement through the building of tools and systems to empower in-field teams. Taylor has performed diligence on hundreds of emerging food and beverage brands and advised multiple buy and sell-side transactions in the restaurant industry. Previously, Taylor served as Director of Financial Planning & Analysis at Four Foods Group, where he strategized for geographic expansion and new market penetration and was responsible for several supply chain enhancements to increase operating margins. Taylor received an MBA in Private Equity and Venture Finance at Northwestern’s Kellogg School of Management, as well as a BS in Finance from BYU’s Marriott School of Management where he served as president of the Finance Society.

Rob Gardner

Principal

Rob Gardner

Principal

Rob is involved with every step of the investment and growth process — from discovering high-potential brands to then taking them through the life cycle of diligence, assessment, close and successful harvest. His background spans branded consumer goods, retail, restaurant & hospitality, manufacturing, and technology — both in the operational and private equity worlds. This combination of operating and investing experience allows him to bring a unique perspective to the Savory team and process. Prior to joining Savory, Rob spent five years with Sorenson Capital, a top buyout firm focused on technology, aerospace, and consumer goods, working with portfolio companies to drive operational improvements and prepare for liquidity events. He has served on the executive leadership teams of two emerging companies, leading one to a successful exit and the other to several years of double-digit growth. As an entrepreneur, he helped found an autism school and ran a search fund focused on pharmaceutical marketing companies.

Katelyn Condon

Associate

Katelyn Condon

Associate

Briana Stewart

Investor Relations & Director of PR

Briana Stewart

Investor Relations & Director of PR

Briana leads investor relations at Savory Fund, as well as public relations for Savory’s vast portfolio of brands. A storyteller at heart and by trade, Briana has 20 years of experience in the communications field. She spent the majority of her career at Bennett Communications, a publishing and events company in Utah that produces a variety of magazines, custom projects, launch parties and awards banquets. Briana was managing editor of Utah Valley BusinessQ for 16 years, where she interviewed and chronicled Utah’s top business leaders and companies and reported on the news and trends of the market. Additionally, she was editor-in-chief of Utah Valley Bride, where she planned and produced an annual print magazine, daily online features, and built its Instagram community to 100k followers. Briana joined Savory in 2022, and has been instrumental in Savory’s PR strategy, communications, marketing efforts, and media relations.

Mackenzie West

Executive Assistant

Mackenzie West

Executive Assistant

Chad Johansen

VP of Finance

Chad Johansen

VP of Finance

Chad oversees finance and accounting for the platform and its portfolio companies and brings with him over 15 years of finance and accounting experience. He began his career in the technology sector, working as an assistant controller for an emerging data-encryption company. During his 8-year tenure at KPMG, Chad played a key role in numerous public offerings, mergers, acquisitions, and SOX control implementations, showcasing his expertise in retail, renewable energy, and financial services sectors. In his recent role as the Financial Controller and Director of Brands Stores for POC, Chad led a global finance team, achieving remarkable 200% revenue growth. Chad graduated with a BA and Master’s Degree in Accounting from the University of Utah.

Alonso Castaneda

VP of Brand Development & Strategy

Alonso Castaneda

VP of Brand Development & Strategy

Alonso is focused on delivering outsized returns through expansion and replication strategies for Savory’s high-growth brands. He leads the strategic oversight of brand initiatives, brand campaigns, and implementation of consumer-facing systems that enhance the guest experience. During his career, he has specialized in taking fast casual and polished food and beverage concepts and scaling them into 50-unit+ powerhouses. He also serves as a board member for the fast-growing PINCHO, sits on the National Restaurant Association MEG’s steering committee, and is an advisory board member for Branded Hospitality Venture F&B Tech fund.

Maryam Chaney

VP of Food & Beverage

Maryam Chaney

VP of Food & Beverage

In her oversight of all things food and beverage, Maryam Chaney’s mantra is: “Best Product, Best Process.” Her strength is logistics and acute attention to detail. With more than 25 years of experience in the fields of culinary development and education, supply chain and procurement, compliance, and editing, Maryam deftly spots opportunities for improvement and then moves until the job is done. For all brands in the Savory portfolio, Maryam oversees culinary operations and menu engineering, supply chain and logistics, and food safety and compliance. She manages healthy relationships with Savory’s suppliers, from whom over $70 million of product is purchased annually. Having spent more than 15 years as an editor and award-winning designer, Maryam developed a critical eye that exacts refinement. As a lifelong gastronome, Maryam delights in sharing the enjoyment of food. While running a private catering business, she developed and instructed a popular series of culinary courses for the community education arm of Utah Valley University. Maryam was recognized in 2021 by Utah Business as one of 30 Women to Watch. She received an MBA from BYU’s Marriott School of Business.

Brad Giles

VP Of Real Estate

Brad Giles

VP Of Real Estate

Brad leads new restaurant growth for all Savory brands by evaluating, selecting, acquiring, and disposing of new restaurant real estate. Employing 20 years of experience in real estate and real estate finance, Brad has been instrumental in expanding multiple Savory brands through the Mountain West, South West, Midwest and Southeast regions. He innovates new strategies to reach restaurants customers more effectively and meticulously positions each new restaurant for both individual location and long-term brand success. Brad was educated at Brigham Young University where he earned a Bachelor of Arts in Political Science.

Jessica Moyer

VP Of Learning & Development

Jessica Moyer

VP Of Learning & Development

Jessica is a seasoned restaurant operator and developer of talent committed to producing results through innovation and process execution. At Savory, she has successfully managed and facilitated the opening of 100+ restaurants and counting. Jessica began her career at Best Buy, rising from cashier to general manager of the highest-volume location in the state of Utah. Of more than 100 locations, only 14 were run by women. Her move to the restaurant industry began with a job as district manager at Café Zuppa, which was founded in Utah. Four Foods Group then tapped her to build their leadership institute, and now hundreds of restaurant leaders have participated in the company’s training program. As a growth-focused, lifetime learner, she leads the creation of content, training and leadership education that enables the scaling of brands and is driven to build systems that simultaneously unleash the power of the individual and produce exceptional business results.

Brandon Batt

Director of People Operations

Brandon Batt

Director of People Operations

Brandon is a hospitality veteran with over 15 years of talent strategy, leadership, coaching, and customer service experience. He has gained accreditations from Harvard Business School and Society for Human Resource Management and is accepted into the Forbes Human Resources Council. In addition, he was named one of Utah Valley’s 40 under 40 and one of Utah Business Magazine’s HR Achievement Award Honorees. Brandon has been responsible for creating the People Operations department at Savory — leading 100+ restaurant openings in hiring and recruitment.

Courtney Morris

Director of HR

Courtney Morris

Director of HR

Courtney has more than a decade of diverse human resources experience assisting mid-size and large organizations. She has hands-on experience with HR process and policy development and implementation, benefits design and management, compliance, employee relations, performance management, payroll, and compensation. Courtney earned her Bachelor of Science Degree in Human Resources Management from Brigham Young University-Idaho and is a Certified Senior Professional in Human Resources (SPHR).

JP Dalton

Director of Operational Services

JP Dalton

Director of Operational Services

JP brings expertise in building strategic relationships and creating scalable solutions for emerging brands that allows for hyper growth as well as successful harvest and transition. With over 20 years of combined restaurant and construction management experience, JP is uniquely qualified to navigate the fast paced and ever-changing environment of the restaurant industry.

Aaron Smith

Director of Construction

Aaron Smith

Director of Construction

Cass Tenney

Director of Development

Cass Tenney

Director of Development

Cass Tenney serves as Director of Development and oversees the new store development for all of Savory’s brands, including budgeting, permitting, design, store fit, bid, execution, and project timelines. With more than 14 years of experience in the development and construction industry, Cass has been a key leader at Savory and instrumental in opening over 140 restaurants across 13 states. Cass has a bachelor’s degree from Boise State University in Business and Project Management, and she enjoys spending time with her two boys, cooking, and home improvement projects.

Josh Merrell

Creative Director

Josh Merrell

Creative Director

Seasoned Executives

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Seasoned Executives

When you’re a Savory brand, you have an army behind you. Savory’s leadership is led by industry veterans who have operator genes with growth mindsets.

Andrew K. Smith

Managing Director & Co-founder

Greg Warnock

Managing Director & Co-founder

Shauna Smith

CEO & Co-founder

Tyler Nelson

President

Josh Boshard

COO

Steven Black

General Counsel

Andrew K. Smith

Managing Director & Co-founder

Andrew began his career as an entrepreneur at the age of 23 as a tech CEO. Between 1998 and 2009, he co-founded 3 tech companies and exited each of them via private and public exists.

Lauded for his entrepreneurial prowess and investment acumen, Andrew is the Managing Partner and Co-Founder of Savory Fund. Under Andrew’s visionary leadership, Savory has grown to oversee assets exceeding $750 million. The fund’s track record boasts successful closures of Fund I and II at $100 million each in 2020 and 2021, respectively. Fund III launched in January 2024 and is a $200M fund.

Before his commendable journey with Savory, Andrew’s entrepreneurial spirit led him to co-found three technology-centric enterprises between 1998 and 2008. All three ventures experienced prosperous exits, either through public or private acquisitions. A master of adaptability, he transitioned into the restaurant industry during a recessionary period, making significant strides by developing, acquiring, and operating over 400 restaurants across a dozen states since 2008. Cumulatively, these establishments have raked in sales north of $2.5 billion, offering employment opportunities to over 40,000 individuals.

In 2017, Andrew was conferred with the esteemed EY Entrepreneur of the Year® award, closely followed by honors like KPMG’s Quantum Award, BusinessQ’s Entrepreneur of the Year, and the coveted UV50 Triple Crown Award in 2018.

A family man at heart, Andrew has been happily married for 25 years to Shauna Smith. Together, they are proud parents of two boys and a wonderful daughter-in-law.

Greg Warnock

Managing Director & Co-founder

Greg Warnock, PhD, is a technologist, innovator, and entrepreneur with a proven history of building and growing companies.

Greg is the Co-Founder and Managing Director of Savory Fund, where he is a board member of Mo’ Bettahs, R&R, Via 313, Houston TX Hot Chicken, Sicilian Butcher, and South Block. Greg is also the Co-Founder and Managing Director of Mercato Partners, where he is involved on the boards of Stance, Cradlepoint, and Galileo. Prior to Mercato Partners, Greg was co-founder and managing director of vSpring Capital, an early stage venture capital fund. Before vSpring, Greg was principal in more than 20 M&A transactions and launched several businesses spanning technology, consumer, biotech, and marketing.

Greg was also the founder of Junto Partners, an entrepreneurship education initiative designed to train and mentor aspiring entrepreneurs and is a past chairman of the board for the Community Foundation of Utah. Greg has been named Utah Business Outstanding Director and Utah Business Mentor of the Year and was honored with the Supporter of Entrepreneurship Award by Ernst & Young.

Greg received a B.S. in computer science and an M.B.A. and PhD in Entrepreneurship and Venture Finance from University of Utah’s David Eccles School of Business. Greg enjoys collecting and restoring muscle cars.

Shauna Smith

CEO & Co-founder

As CEO and co-founder of Savory, Shauna is an accomplished executive leader with more than 15 years of experience at the helm of Food & Beverage organizations. Shauna has been integral in developing, acquiring, and operating over 400 restaurants across a dozen states since 2008. Cumulatively, these establishments have raked in sales north of $2.5 billion, offering employment opportunities to over 40,000 individuals. Her primary focus is elevating operational efficiencies and accelerating revenue growth across the various brands in the Savory portfolio. With an operational depth supported by a 70-person value-add team, she directly supervises the senior leaders of each portfolio company to ensure both strategic and tactical objectives are met. This remarkable growth trajectory earned the firm multiple accolades, including back-to-back fast-growth awards from Restaurant Monitor, as well as eight appearances on Inc. Magazine’s prestigious Inc. 500 list — a testament to its rapid expansion and success.

Beyond her organizational achievements, Shauna herself has been the recipient of several distinguished industry awards. She was featured on the cover of Franchise Times in both November 2018 and May 2023 and was honored by Utah Business Magazine as one of the “30 Women to Watch” in 2019. Furthermore, she received the prestigious CXO of the Year award in 2020, and the CEO of the Year award in 2022 by Utah Business.

Originally hailing from Dothan, Alabama, Shauna currently makes her home in Utah with her family, husband of 25 years, Andrew Smith, and their two sons and daughter-in-law.

Tyler Nelson

President

Tyler is President of the Savory Value-Add Platform. In this role, he leverages 23 years of experience in accounting and finance, capital structure advisory, development and implementation of infrastructure and controls, and strategic mergers and acquisitions to aid in leadership and investment strategies.

Prior to Savory, Tyler was the CFO of Four Foods Group, a restaurant investment and management company focused on the underserved lower-middle market in the food and beverage industry. Tyler assisted in developing the FFG platform, successfully integrating and growing five promising food concepts by implementing systems, assembling a best-in-class team, and raising over $75MM in capital for expansion. During his time at FFG, revenue grew from $6MM in 2010 to over $140M in 2017. He has a bachelor’s of accounting from BYU — where he also played football on scholarship.

Josh Boshard

COO

Josh serves as Chief Operating Officer at the Savory Value-Add platform, performing as the curator of best practices as he oversees the diverse and extensive controls of the organization. His role as a solution architect enables building and optimizing technology to empower core restaurant operations and program communications. Josh boasts 20 years of experience in the restaurant, technology, and insurance industries. Josh joined Andrew Smith at Four Foods Group in 2009 as the second employee. He was a vital component of the success strategy from the early days — only to grow from one restaurant to 170 locations with 5000+ employees in 10 years. Prior to FFG, Josh was the Director of Client Services at AxisPointe Inc., where he led his team to year-over-year increases in customer satisfaction and sales generation.

Steven Black

General Counsel

Steven is significantly involved in new store development and strategic planning in behalf of the Savory portfolio companies. Steven joins the Savory team with 25+ years of experience in business transactions including the areas of real estate, asset-backed acquisitions, corporate law, and tax law. His clients have included Fortune 500 companies, real estate developers, investors, lenders, borrowers, financial institutions, and software companies. Steven holds a Master of Accountancy degree from Brigham Young University and a Juris Doctorate degree, magna cum laude, from Brigham Young University. In his spare time, Steven enjoys playing competitive tennis and coaching the Lone Peak High School boys and girls tennis teams. He also loves to spend time with his amazing wife (who is also a CPA) reading the beautifully poetic language of the Internal Revenue Code.

Investment Team

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Investment Team

Savory Fund’s Investment Team is laser focused on the portfolio, its profitability, its portability, and its partners.

Richie Stevens

VP of Finance

Taylor DeHart

Principal

Rob Gardner

Principal

Katelyn Condon

Associate

Briana Stewart

Investor Relations & Director of PR

Mackenzie West

Executive Assistant

Richie Stevens

VP of Finance

Richie serves as VP of Finance for Savory Fund. Previously Director of Finance for Savory’s Value-Add Platform, Richie has 13 years of experience in finance and accounting for growth companies, as well as M&A diligence and post-acquisition integration. He has been instrumental in building and implementing systems for hyper-growth brands, and he has also developed the financial reporting framework that elevates and strengthens the strategic decision-making process. Richie started his career at Deloitte, and he has a Masters of Accountancy from the University of Utah.

Taylor DeHart

Principal

Taylor brings expertise in food and beverage investments and financial strategy for emerging brands, as well as harvest modeling and transaction structuring. His expertise includes operational improvement and margin enhancement through the building of tools and systems to empower in-field teams. Taylor has performed diligence on hundreds of emerging food and beverage brands and advised multiple buy and sell-side transactions in the restaurant industry. Previously, Taylor served as Director of Financial Planning & Analysis at Four Foods Group, where he strategized for geographic expansion and new market penetration and was responsible for several supply chain enhancements to increase operating margins. Taylor received an MBA in Private Equity and Venture Finance at Northwestern’s Kellogg School of Management, as well as a BS in Finance from BYU’s Marriott School of Management where he served as president of the Finance Society.

Rob Gardner

Principal

Rob is involved with every step of the investment and growth process — from discovering high-potential brands to then taking them through the life cycle of diligence, assessment, close and successful harvest. His background spans branded consumer goods, retail, restaurant & hospitality, manufacturing, and technology — both in the operational and private equity worlds. This combination of operating and investing experience allows him to bring a unique perspective to the Savory team and process. Prior to joining Savory, Rob spent five years with Sorenson Capital, a top buyout firm focused on technology, aerospace, and consumer goods, working with portfolio companies to drive operational improvements and prepare for liquidity events. He has served on the executive leadership teams of two emerging companies, leading one to a successful exit and the other to several years of double-digit growth. As an entrepreneur, he helped found an autism school and ran a search fund focused on pharmaceutical marketing companies.

Briana Stewart

Investor Relations & Director of PR

Briana leads investor relations at Savory Fund, as well as public relations for Savory’s vast portfolio of brands. A storyteller at heart and by trade, Briana has 20 years of experience in the communications field. She spent the majority of her career at Bennett Communications, a publishing and events company in Utah that produces a variety of magazines, custom projects, launch parties and awards banquets. Briana was managing editor of Utah Valley BusinessQ for 16 years, where she interviewed and chronicled Utah’s top business leaders and companies and reported on the news and trends of the market. Additionally, she was editor-in-chief of Utah Valley Bride, where she planned and produced an annual print magazine, daily online features, and built its Instagram community to 100k followers. Briana joined Savory in 2022, and has been instrumental in Savory’s PR strategy, communications, marketing efforts, and media relations.

Value-Add Management Team

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Value-Add Management Team

From operations and finance to development and marketing, our team of executives works hand-in-hand with brand leadership to grow the concept — while keeping the heart and soul of what made it special in the first place.

Chad Johansen

VP of Finance

Alonso Castaneda

VP of Brand Development & Strategy

Maryam Chaney

VP of Food & Beverage

Brad Giles

VP Of Real Estate

Jessica Moyer

VP Of Learning & Development

Brandon Batt

Director of People Operations

Courtney Morris

Director of HR

JP Dalton

Director of Operational Services

Aaron Smith

Director of Construction

Cass Tenney

Director of Development

Josh Merrell

Creative Director

Chad Johansen

VP of Finance

Chad oversees finance and accounting for the platform and its portfolio companies and brings with him over 15 years of finance and accounting experience. He began his career in the technology sector, working as an assistant controller for an emerging data-encryption company. During his 8-year tenure at KPMG, Chad played a key role in numerous public offerings, mergers, acquisitions, and SOX control implementations, showcasing his expertise in retail, renewable energy, and financial services sectors. In his recent role as the Financial Controller and Director of Brands Stores for POC, Chad led a global finance team, achieving remarkable 200% revenue growth. Chad graduated with a BA and Master’s Degree in Accounting from the University of Utah.

Alonso Castaneda

VP of Brand Development & Strategy

Alonso is focused on delivering outsized returns through expansion and replication strategies for Savory’s high-growth brands. He leads the strategic oversight of brand initiatives, brand campaigns, and implementation of consumer-facing systems that enhance the guest experience. During his career, he has specialized in taking fast casual and polished food and beverage concepts and scaling them into 50-unit+ powerhouses. He also serves as a board member for the fast-growing PINCHO, sits on the National Restaurant Association MEG’s steering committee, and is an advisory board member for Branded Hospitality Venture F&B Tech fund.

Maryam Chaney

VP of Food & Beverage

In her oversight of all things food and beverage, Maryam Chaney’s mantra is: “Best Product, Best Process.” Her strength is logistics and acute attention to detail. With more than 25 years of experience in the fields of culinary development and education, supply chain and procurement, compliance, and editing, Maryam deftly spots opportunities for improvement and then moves until the job is done. For all brands in the Savory portfolio, Maryam oversees culinary operations and menu engineering, supply chain and logistics, and food safety and compliance. She manages healthy relationships with Savory’s suppliers, from whom over $70 million of product is purchased annually. Having spent more than 15 years as an editor and award-winning designer, Maryam developed a critical eye that exacts refinement. As a lifelong gastronome, Maryam delights in sharing the enjoyment of food. While running a private catering business, she developed and instructed a popular series of culinary courses for the community education arm of Utah Valley University. Maryam was recognized in 2021 by Utah Business as one of 30 Women to Watch. She received an MBA from BYU’s Marriott School of Business.

Brad Giles

VP Of Real Estate

Brad leads new restaurant growth for all Savory brands by evaluating, selecting, acquiring, and disposing of new restaurant real estate. Employing 20 years of experience in real estate and real estate finance, Brad has been instrumental in expanding multiple Savory brands through the Mountain West, South West, Midwest and Southeast regions. He innovates new strategies to reach restaurants customers more effectively and meticulously positions each new restaurant for both individual location and long-term brand success. Brad was educated at Brigham Young University where he earned a Bachelor of Arts in Political Science.

Jessica Moyer

VP Of Learning & Development

Jessica is a seasoned restaurant operator and developer of talent committed to producing results through innovation and process execution. At Savory, she has successfully managed and facilitated the opening of 100+ restaurants and counting. Jessica began her career at Best Buy, rising from cashier to general manager of the highest-volume location in the state of Utah. Of more than 100 locations, only 14 were run by women. Her move to the restaurant industry began with a job as district manager at Café Zuppa, which was founded in Utah. Four Foods Group then tapped her to build their leadership institute, and now hundreds of restaurant leaders have participated in the company’s training program. As a growth-focused, lifetime learner, she leads the creation of content, training and leadership education that enables the scaling of brands and is driven to build systems that simultaneously unleash the power of the individual and produce exceptional business results.

Brandon Batt

Director of People Operations

Brandon is a hospitality veteran with over 15 years of talent strategy, leadership, coaching, and customer service experience. He has gained accreditations from Harvard Business School and Society for Human Resource Management and is accepted into the Forbes Human Resources Council. In addition, he was named one of Utah Valley’s 40 under 40 and one of Utah Business Magazine’s HR Achievement Award Honorees. Brandon has been responsible for creating the People Operations department at Savory — leading 100+ restaurant openings in hiring and recruitment.

Courtney Morris

Director of HR

Courtney has more than a decade of diverse human resources experience assisting mid-size and large organizations. She has hands-on experience with HR process and policy development and implementation, benefits design and management, compliance, employee relations, performance management, payroll, and compensation. Courtney earned her Bachelor of Science Degree in Human Resources Management from Brigham Young University-Idaho and is a Certified Senior Professional in Human Resources (SPHR).

JP Dalton

Director of Operational Services

JP brings expertise in building strategic relationships and creating scalable solutions for emerging brands that allows for hyper growth as well as successful harvest and transition. With over 20 years of combined restaurant and construction management experience, JP is uniquely qualified to navigate the fast paced and ever-changing environment of the restaurant industry.

Cass Tenney

Director of Development

Cass Tenney serves as Director of Development and oversees the new store development for all of Savory’s brands, including budgeting, permitting, design, store fit, bid, execution, and project timelines. With more than 14 years of experience in the development and construction industry, Cass has been a key leader at Savory and instrumental in opening over 140 restaurants across 13 states. Cass has a bachelor’s degree from Boise State University in Business and Project Management, and she enjoys spending time with her two boys, cooking, and home improvement projects.

Restaurantology®

From 2 stores — to
20 and beyond.

From 2 stores — to
20 and beyond.

The journey for operators with 2-20 units is a tough — and often lonely — road. Where do you turn? Who do you talk to for advice when you are not like the “big guns” in the industry?

Every year, Savory chooses to invest in YOU. We bring together 700+ operators from around the country to attend a FREE conference with panels and Q&As talking industry insights, trends, tips, failures, and triumphs. A rising tide lifts all boats, and we want everyone to win.

RESERVE YOUR SEAT

October 1, 2024

Join Our Team

Love food? We are your people. At Savory, we strive to create jobs for entrepreneurial minds. We are the largest restaurant group in Utah, and we are a fast-paced, growth-oriented restaurant management and development company. Our innovative processes are changing the game, so if you are driven, ambitious, and hungry for more, we want you at our table.

CAREERS