---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-24-000081"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T23:00:31.519547+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Watch acquires 21 franchise restaurants in North Carolina for $75M

## Summary
- Purchase price $75M on cash-free, debt-free basis; includes 21 restaurants and development rights in North Carolina.
- Largest franchise acquisition to date; expected AUVs and margins in line with company-owned restaurants.
- Over 600 new employees join corporate system; 44 total franchised restaurants acquired since May 2023 across 6 acquisitions.
- CEO Chris Tomasso cites long-term growth and value creation strategy.

## SEC filing metadata
- accession: 0001789940-24-000081
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000081/0001789940-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000081/fwrg-20240415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-24-000081
- JSON: https://secwatch.observer/filing/0001789940-24-000081.json
- Plain text: https://secwatch.observer/filing/0001789940-24-000081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.