NorthCoast Announces an Investment in Shake Smart

By NorthCoast Mezzanine

3/21/2024

NorthCoast Announces an Investment in Shake Smart

Minneapolis, MN, March 2024 - NorthCoast is pleased to announce a subordinated debt and equity co-investment in Shake Smart Holdings, LLC (“Shake Smart”). NorthCoast, alongside Tecum Capital, provided this funding in support of NewSpring Franchise’s investment in the Austin, TX-based brand.Founded in 2011, Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter and avocado toast, and more to its customers across multiple dayparts. Today, the majority of Shake Smart locations are on college campuses.Shake Smart will use the proceeds of this investment to continue its rapid unit expansion within and outside of higher education to capitalize on growing consumer demand for convenient, healthy food options.

For more information regarding the transaction and NorthCoast, please contact Stacy Harmsen, Founding Partner, at stacy@northcoastmezz.com.