Bruegger's Enterprises Inc., a bagel shop chain owned by Sun Capital Partners, has acquired Triangle Bagels and Bagel Factory Inc. no financial terms were disclosed. Triangle Bagel is a franchisee of 14 Bruegger's shops in
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 five 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 five 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. For more information on its menu and store locations, please visit www.brueggers.com.
James J. Greco, President and CEO, Bruegger's Enterprises, Inc., said, “The addition of five Bagel Factory stores and the purchase of 14 franchised bakeries in North Carolina increases the scale of our national operations while providing additional operational efficiencies. Bruegger's and its GUEST-focused team are dedicated to serving delicious, healthy food that brings guests back again and again to enjoy a wholesome meal with family and friends. With five operating commissaries that produce raw dough from scratch, we are the only national bagel chain using fresh dough and a boil and bake process, thus allowing Bruegger's to achieve the highest level of product quality and freshness and a continuing commitment to superlative food.“
Aaron P. Wolfe, Vice President, Sun Capital Partners, Inc., added, “The addition of Bagel Factory and the Triangle franchisee augments the reach of Bruegger's operating platform and strengthens its value proposition. We look forward to working with Jim Greco and the Bruegger's management team to further develop and expand Bruegger's footprint through both organic growth and add-on acquisitions.“
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 180 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.