First Watch Acquires 21 Franchise Restaurants in North Carolina

April 15, 2024

https://www.globenewswire.com/news-release/2024/04/15/2863180/0/en/First-Watch-Acquires-21-Franchise-Restaurants-in-North-Carolina.html

BRADENTON, Fla., April 15, 2024 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc. (NASDAQ:FWRG) (together with its subsidiaries “First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the completion of its previously-announced acquisition of 21 of its franchise-owned restaurants and corresponding development rights in North Carolina for an aggregate purchase price of $75 million on a cash-free, debt-free basis.

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