Category Archives: mergers&acquisitions

First Watch acquires The Egg & I

The fast-growing breakfast/lunch segment has been ripe for consolidation and two of the largest restaurant operators did not disappoint.

First Watch Restaurants, headquartered in Florida, announced Wednesday it has acquired Colorado-based The Egg & I Restaurants.

The transactifirstwatchon 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 disclosed.

First Watch entered the Knoxville market in 2013 with a franchise location off Parkside Drive in Turkey Creek. The Egg & I followed in 2014, opening two restaurants in Bearden and off Lovell Road adjacent to Costco. Continue reading