Swig, Mo’ Bettahs, 86 Repairs Investor Picks 2 Leaders

Savory, a private equity firm that invests in emerging restaurant concepts, has announced two promotions: Tyler Nelson is now president of Savory (the value-add platform of the fund) and Richie Stevens is now vice president of finance for Savory Fund.

Nelson, formerly Savory’s CFO, has 23 years of experience in accounting and finance, capital structure advisory, development of infrastructure and controls, and strategic mergers and acquisitions.

Stevens, who was previously director of finance for Savory, 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 also has developed the financial reporting framework that elevates and strengthens the strategic decision-making process.

These advancements come during a high-growth time for the firm, as it just announced its 11th portfolio investment with Houston TX Hot Chicken, operates more than 170 restaurants in 12 states, and has more than 70 restaurant openings to come in 2024. Its other investments include Swig, R&R BBQ, PINCHO, Via 313 Pizzeria, Mo’ Bettahs Hawaiian Style Food, 86 Repairs, Saigon Hustle, Hash Kitchen and The Sicilian Butcher.