Bruegger’s Bulks Up

Private Equity Hub:

Bruegger’s Enterprises, Inc. (’Bruegger’s‘), the second largest U.S. bagel bakery with approximately 274 stores including 110 franchisees in 22 states, today announced that it has acquired Triangle Bagels, Inc. (’Triangle‘), a franchisee of 14 Bruegger’s bakery-cafes in North Carolina, and Bagel Factory, Inc. (’Bagel Factory‘), an operator of 5 bagel bakeries located in Philadelphia and its suburbs. Triangle is being acquired from its owner Edward Davis, a Bruegger’s franchisee, and Bagel Factory from the Becattini family. The 5 Bagel Factory locations, which offer a wide variety of freshly-baked bagels, signature sandwiches, salads, and soups, will complement 18 existing Bruegger’s bakery-cafes in Pennsylvania. Triangle’s 14 Bruegger’s locations are part of Bruegger’s 32-store North Carolina footprint. Terms of the acquisition were not disclosed.

Founded in 1983, Bruegger’s is an affiliated portfolio company of Sun Capital Partners, Inc. (’Sun Capital‘), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies. Famous for its authentic boiled and baked bagels, Bruegger’s offers 18 bagel flavors (vary per bakery), all made from fresh dough and kettle boiled before being baked to create a crust on the outside and a dense, chewy texture on the inside. Read more.