Hawaiian-style restaurant chain Mo’ Bettahs has sold a majority stake in private equity firms Blue Marlin Partners and Trive Capital.

Following the transaction, whose value was not disclosed, Savory Fund, Mo’ Bettahs’ founders and Crewe Capital will retain significant minority stakes.

The chain was founded by Hawaii-born brothers Kimo and Kalani Mack in 2008 in Bountiful, Utah. Since partnering with Savory Fund, Mo’ Bettahs has grown to 56 locations in Utah, Idaho, Oklahoma, Texas, Missouri, Nevada, and Kansas.

The company’s revenue has grown 178 per cent over the last three years, and its loyalty/subscriber base has reached nearly 500,000 members.

With the new investments, the chain plans to expand its footprint in the coming months and years.

“I’m confident Blue Marlin will only add to that synergy, and our team can’t wait to get started on bringing authentic Hawaiian cuisine to more neighborhoods, friends, and families,” remarked Rob Ertmann, CEO of Mo’ Bettahs.

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