First Watch Acquires Egg & I In Historic Breakfast Merger
First Watch Restaurants Inc., announced today that it has acquired 114-unit Centennial, Colorado-based The Egg & I Restaurants. The transaction positions First Watch as the nation’s largest and fastest-growing breakfast, brunch, and lunch restaurant company with 267 restaurants in 26 states and a combined 18 under development in 2015. Terms of the deal were not announced.
The acquisition is significant as the combined organization immediately becomes the leading player in the breakfast category, which is the fastest-growing segment in the restaurant industry — continually out-pacing all other segments.
First Watch operates or franchises 153 restaurants in 17 states while The…