The Larry H. Miller Co., a Sandy, Utah-based privately-owned portfolio of companies and investments, has acquired a majority stake in Swig, a drive-by customized beverage shop and home of the Original Dirty Soda, from Savory Fund.
Swig offers a variety of customized drinks and treats and was originally purchased by Savory Fund in 2018. Swig looks to reach 46 locations by the end of 2022 with more than 25 corporate locations scheduled to open in 2023. In addition to the investment, LHM will begin offering a Swig experience in LHM Megaplex Theatres.
“We love Swig’s growth trajectory, best-in-class customer service, strong employee culture, and commitment to delivering positive guest experiences,” says Steve Starks, CEO of the LHM Co. “We are excited to welcome the Swig team to the LHM Company and are excited to help accelerate its national expansion.”
Arlington Capital Advisors served as financial advisor to Swig, with Mayer Brown LLP serving as legal advisor to both Swig and Savory Fund.