BRADENTON, Fla., May 01, 2023 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, announced that it has acquired, effective today, six of its previously franchise-owned restaurants in Omaha, Nebraska.
“We’re thrilled to share the news of our acquisition of these six First Watch restaurants in greater Omaha. We believe this acquisition — and the acquisition of additional franchise-owned restaurants in the future — will be an important part of our growth strategy going forward,” said Chris Tomasso, First Watch CEO and President. “Our teams in the Omaha market have been serving the community for more than a decade, with a people-first approach that I believe truly sets First Watch apart. We’re so proud of their dedication to operational excellence, and we look forward to serving the Omaha area with that same dedication for years to come.”
The acquisition was funded with cash on hand.
About First Watch
First Watch is an award-winning Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients. A recipient of hundreds of local “Best Breakfast” and “Best Brunch” accolades, First Watch’s chef-driven menu includes elevated executions of classic favorites along with First Watch specialties such as the protein-packed Quinoa Power Bowl®, Farmstand Breakfast Tacos, Avocado Toast, Chickichanga, Morning Meditation (juiced in-house daily), Vodka Kale Tonic and its famous Million Dollar Bacon. In 2022, First Watch was awarded a sought-after MenuMasters honor by Nation’s Restaurant News for its seasonal Braised Short Rib Omelet, recognized with ADP’s coveted Culture at Work award and named a Top 100 Most Loved Workplace® by Newsweek and the Best Practice Institute. In 2021, First Watch was recognized as FSR Magazine’s Best Menu and as the fastest-growing full-service restaurant chain based on unit growth. There are more than 470 First Watch restaurants in 29 states and the restaurant concept is majority owned by Advent International, one of the world’s largest private-equity firms. For more information, visit www.firstwatch.com.
