PITTSBURGH, PA – March 14, 2024 – Tecum Capital ("Tecum") is pleased to announce its investment in Shake Smart Holdings, LLC ("Shake Smart" or the "Company"), a leading healthy fast-casual concept. As part of the transaction, Tecum partnered with Shake Smart Management, NewSpring Franchise, and NorthCoast Mezzanine.
Founded in 2011 and led by Co-Founder and CEO Kevin Gelfand, 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 day parts. Today, most Shake Smart locations are on college campuses. Shake Smart will use the proceeds of this transaction to continue its rapid unit expansion within and outside of higher education to capitalize on growing consumer demand for convenient, healthy food options.
Tyson Smith, Paul Oris, Carter Henderson, and Justin Uhlenbrock led the investment for Tecum. Clark Hill PLC was counsel for Tecum.
