M&A
confidence high
sentiment neutral
materiality 0.50
First Watch acquires five franchise restaurants in Milwaukee area
First Watch Restaurant Group, Inc.
- Acquisition effective June 26, 2023 includes all five previously franchise-owned restaurants.
- Corresponding development rights in Milwaukee, Wisconsin transferred to company.
- Transaction funded with cash on hand; no purchase price or financial terms disclosed.
- CEO Chris Tomasso stated restaurants perform similarly to company-owned units.