Steve Salis

Steve Salis is an American entrepreneur, co-founder of &pizza, and the founder of Sizzle Acquisition and Salis Holdings.

Early life

Steve Salis was born in 1983 to a working-class family in New Hampshire.[1] His father ran a gas station and his mother did different small jobs. As a child, he was good at basketball and got a scholarship to the University of New Hampshire. Salis studied economics and business administration in college but dropped out and moved to New York City.[2]

Career

Salis began his career in the fashion industry in New York City and later he started giving advice to restaurants and bars on how to run their business better.[2]

In 2012, Steve Salis co-founded &pizza with Michael Lastoria while in his mid-20s. To select the location for their inaugural &pizza outlet, they explored numerous places over three weeks, eventually choosing Washington, D.C.[3] Salis was the CEO from its inception until 2015.[4][5] In 2017, &pizza advocated a cause in Congress, a $15 minimum wage by 2023.[6][7][8] Salis remained the major shareholder in the company until 2019, when he divested his holdings for an undisclosed sum.[9]

Steve Salis founded Salis Holdings in 2015.[10] Under Salis Holdings, Steve Salis has acquired and currently owns several notable brands including Ted's Bulletin, Kramers Bookstore,[11] Federalist Pig, and Honeymoon Chicken,[12] expanding his business in the hospitality and food industry.[13][14]

Steve Salis is also the CEO of Sizzle Acquisition Corp, a NASDAQ listed blank-check company with a focus on acquiring businesses in the retail and consumer sectors. In 2021 it has raised $155 million with an initial public offering.

In 2018, Salis and a partner completed the development of several single-family homes in Washington DC's Palisades Neighborhood. Defects found on the properties prompted lawsuits by new owners alleging poor workmanship and claimed $4 million in damages.[15]

In 2022 Salis announced a nearly billion-dollar lithium battery merger in the public market space through Sizzle Acquisition Corp.[16][17]

References

  1. Tim Carman. &pizza co-founder Steve Salis has big plans for Ted's Bulletin, Kramerbooks and life in D.C. Washington Post, 2021-10-23, retrieved 2023-10-03^
  2. How a Nightclub Doorman/Model Became a DC Restaurateur, Real Estate Player, and Bookstore Owner - Washingtonian 2018-01-19, retrieved 2023-10-03^
  3. Andrew Metcalf. &pizza Opens on Old Georgetown Road MoCo360, 2014-05-12, retrieved 2023-09-30^
  4. Andrew Metcalf. &pizza Founder Out as CEO MoCo360, 2015-05-29, retrieved 2023-10-03^
  5. Co-founder of hip D.C.-based pizza chain out as CEO www.bizjournals.com, retrieved 2023-10-03^
  6. "We Want To Be The Best Neighbors": &pizza Reinvents The Pizza Parlor Fast Company, 2017-10-31^
  7. Debra Borchardt. &pizza Heads To NYC With A Slice Of Social Consciousness Forbes, retrieved 2023-10-01^
  8. Kate Taylor. Meet the CEO of an up-and-coming pizza chain who is actually fighting to raise the minimum wage Business Insider, retrieved 2023-10-02^
  9. &pizza makes leadership changes as it looks to double in size www.bizjournals.com, retrieved 2023-10-03^
  10. Alicia Kelso. Why Salis Holdings Is Leveraging The Restaurant Acquisitions Market Forbes, retrieved 2023-10-03^
  11. How a Nightclub Doorman/Model Became a DC Restaurateur, Real Estate Player, and Bookstore Owner - Washingtonian 2018-01-19, retrieved 2023-10-02^
  12. Tim Carman. Review Washington Post, 2022-07-05, retrieved 2023-10-02^
  13. Steve Salis is bullish on growth in the Washington, D.C. area under platform company Catalogue Nation's Restaurant News, 2022-04-18, retrieved 2023-09-30^
  14. Honeymoon Chicken, from a DC pitmaster, comes to Petworth WTOP News, 2022-01-11, retrieved 2023-09-30^
  15. A Real Estate Nightmare on Foxhall Road - Washingtonian 2022-04-13, retrieved 2024-12-16^
  16. Amrith Ramkumar. Upstart European Lithium Is Valued at $970 Million in Deal for U.S. Listing Wall Street Journal, 2022-10-24, retrieved 2023-10-01^
  17. European Lithium to merge with Sizzle Acquisition to form exploration firm Reuters, 2022-10-26, retrieved 2023-10-01^