Savory Fund, a private equity firm focused on restaurant brands, has acquired a majority interest stake in the Sicilian Butcher, a meatball and charcuterie bar developed by celebrity chef Joey Maggiore.
Founded in 2017 by Maggiore and his wife, Cristina Maggiore, the Sicilian Butcher offers a build-your-own dining experience, boasting hand-rolled meatballs, made-from-scratch spaghetti, and Sicilian-style charcuterie platters. It also houses the Sicilian Baker, a pasticceria with a made-to-order cannoli bar and gelateria. Savory’s investment will be used to form the new partnership, unify operations and fuel the company’s expansion into new markets. The Maggiore Group will work with the Savory team and Maggiore and his wife will remain involved in the development of the brand.
“The Sicilian Butcher is the best all-around concept poised for scale,” says Andrew Smith, managing partner and co-founder of Savory Fund. “Investing behind Joey’s abilities to create one-of-a-kind experiences is a win-win.”