Mo’ Bettahs Hawaiian Style Food has already expanded quite a bit since two brothers opened their first restaurant in Davis County nearly two decades ago.
There are now dozens of locations scattered across Utah, Idaho, Kansas, Missouri, Nevada, Oklahoma and Texas after it was acquired by Savory Fund, a Lehi-based firm with a stake in a few of the state’s popular food chains, in 2017.
However, Mo’ Bettahs is poised for further expansion now as its majority ownership changes hands yet again. Savory Fund officials announced Tuesday they’ve reached an agreement to sell its majority stake in the brand to Blue Marlin Partners and Trive Capital, a pair of private equity firms based in Bethesda, Maryland, and Dallas, respectively.
Terms of the deal were not disclosed, but Savory Fund said it and the brand’s founders — Kimo and Kalani Mack — will retain “significant minority stakes” in the company. The acquisition is expected to fuel additional expansion as the brand “enters its next stage of growth,” according to the companies involved.