BIRMINGHAM, AL. (February 5, 2024) – Founders is pleased to announce that South Block, the renowned Washington, DC-based açaí, smoothie, and juice company, has received a strategic growth investment from Savory Fund. South Block was exclusively advised by principals of Founders Advisors (“Founders”) in this transaction.
Founded by Amir Mostafavi in 2011, South Block is a mission-forward açaí, smoothie, and juice company with 15 locations in and around the Washington DC area. This partnership marks a pivotal moment in South Block’s journey, reinforcing its commitment to making people feel awesome by building healthier communities…ONE BLOCK AT A TIME!
“We are thrilled to welcome Savory Fund as a strategic partner in our mission to promote a healthy and vibrant lifestyle,” said Amir Mostafavi, Founder and CEO of South Block. “This investment not only validates the hard work of our dedicated team but also opens up exciting opportunities for us to spread good vibes and further serve our community.”
Savory Fund, known for its commitment to supporting companies that demonstrate innovation and resilience, sees immense potential in South Block’s market leadership. “South Block’s dedication to quality, freshness, and community engagement aligns seamlessly with our investment philosophy,” stated Taylor DeHart, Principal at Savory. “We are excited to work hand-in-hand with South Block to catalyze growth and amplify the Company’s positive impact.”
As part of the investment, key members from Savory Fund will collaborate with South Block’s leadership, bringing strategic insights and expertise to drive the company’s long-term success. “We are grateful for the support of Savory Fund and are eager to embark on this journey of growth and innovation alongside their team as partners. Savory really aligns with our mission, philosophy, and culture of making people feel awesome!” added Adam Kramer, Senior Vice President at South Block. “We also want to give a special thank you to the team at Founders for helping us navigate this process.”
Nathan Kelly, Director at Founders, said, “Our team is thankful for the opportunity to serve South Block in its search for the ideal partner. South Block’s reputation for delivering exceptional products and community combined with Savory’s vision and experience positions this collaboration for remarkable success, creating synergies that will undoubtedly shape the future of this powerhouse brand. We are excited to see this partnership scale across the country.”
To view QSR Magazine’s announcement of the partnership, click here.
About South Block
South Block is a prominent Washington, DC-based company specializing in smoothies, acai bowls, and juices. With a commitment to health and wellness, South Block has become a beloved destination for those seeking fresh and nutritious options.
About Savory Fund
Based in Lehi, Utah, Savory Fund is a leading Private Equity firm dedicated to supporting companies that demonstrate innovation and resilience, particularly in the realms of sustainability and health. The fund focuses on strategic investments to drive long-term value for its portfolio companies.
About Founders Advisors
Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. To provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member of FINRA & SiPC. Founders M&A Advisory is a wholly-owned subsidiary of Founders Advisors. Neither Founders M&A Advisory nor Founders Advisors provide investment advice.