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Consumer ProductsFebruary 16, 2023

SG Stonegate Announces a Senior Debt Investment in Mike’s Hot Honey

SG Stonegate Announces a Senior Debt Investment in Mike's Hot Honey
Photo Credit: Kayla Ramsey

CHICAGO (February 16, 2023) – SG Stonegate Capital is excited to announce our newest partnership: Mike’s Hot Honey. Mike’s Hot Honey was born from a desire to create and share the highest quality honey infused with chili peppers. The brand is a welcomed addition to SG Stonegate’s pizza pies, pantry, and the portfolio. The debt financing will support Mike’s Hot Honey’s continued growth, innovation and expansion.

“SG Stonegate brought their creative ideas to the structuring process and ultimately delivered a unique credit facility that we are very happy with,” says Matt Beaton, CEO of Mike’s Hot Honey. “We know that they will be an ideal financing partner as we continue to pursue our vision for the business.”

Founder Mike Kurtz brought the idea of hot honey to Brooklyn from Brazil, where he first encountered the concept while studying abroad. The idea took off after starting an apprenticeship with Paulie Gee’s Pizzeria in Brooklyn and customers couldn’t get enough of his hot honey on their pies. By popular demand Kurtz created Mike’s Hot Honey and the company gained a cult-like following that has spread nearly everywhere. For the SG Stonegate team, you simply can’t have pizza without Mike’s Hot Honey, but we also drizzle liberally on other foods like ice cream, roasted vegetables, and even in tea.

“Mike’s Hot Honey is undeniably the best hot honey you’ve ever had, and they’ve experienced strong and consistent growth on a yearly basis,” says Evan Waggoner, Director at SG Stonegate. “Mike’s Hot Honey is an exceptional brand, and we are very excited to be part of their story.”