FWRG - Mergers and acquisitions

BRADENTON, Fla., April 28, 2025 (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 completed its previously announced acquisition of 16 of its franchise-owned restaurants and corresponding development rights in North Carolina and South Carolina for an aggregate purchase price of $49 million on a cash-free, debt-free basis. "The acquisition of these 16 locations helps solidify corporate ownership of First Watch restaurants along the East Coast – and provides us with additional territories to grow organically for years to come," sai

BRADENTON, Fla., April 14, 2025 (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 acquisition of three of its franchise-owned restaurants and corresponding development rights in Missouri. "We're proud to welcome the Lee's Summit, West Columbia and South Columbia restaurant teams into the First Watch company-owned system," said Chris Tomasso, First Watch CEO and President. "All three of these restaurants opened within the past five years and, in that time, have made strong connections with their surrounding communiti

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. "This acquisition, which represents our largest First Watch franchise acquisition to date, is an important part of our long-term growth and value creation strategy," said Chris Tomasso, First Watch CEO & Presiden

BRADENTON, Fla., June 27, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept, announced that it has acquired, effective Monday, June 26, all five of its previously franchise-owned restaurants and corresponding development rights in Milwaukee, Wisconsin. "As we continue to execute on our long-term growth strategy, we're excited to announce the acquisition of these five restaurants in the Milwaukee area," said Chris Tomasso, First Watch CEO and President. "These previously franchise-owned restaurants perform similarly to our company-owned units, and we look forward to their continued operational exce