First Watch Restaurant Group announced that it has acquired, effective Monday, its previously franchise-owned restaurant in Broken Arrow, Oklahoma.
“We’re proud to welcome the Broken Arrow restaurant team into the First Watch company-owned system,” says Chris Tomasso, First Watch CEO and President. “This acquisition is part of our long-term growth strategy. This particular restaurant opened less than two years ago and has already made its mark on the local community. We’re thankful to the franchise partner for their support during this successful transition and look forward to continuing this restaurant’s reputation for operational excellence.”
The acquisition was funded with cash on hand.