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The latest announcement is out from First Watch Restaurant Group ( (FWRG) ).
First Watch Restaurant Group, Inc. plans to acquire 16 franchise-owned restaurants in North and South Carolina for $49 million, marking its second-largest franchisee deal. This strategic move will bolster First Watch’s corporate presence and provide growth opportunities along the East Coast. Expected to close by mid-April 2025, the acquisition will be funded using cash and available credit, continuing the company’s growth strategy following several successful franchise acquisitions since May 2023.
Learn more about FWRG stock on TipRanks’ Stock Analysis page.
