First Watch Restaurant Group, Inc., the leading Daytime Dining concept, announced that it has acquired, effective Monday, June 26, all five of its previously franchise-owned restaurants and corresponding development rights in Milwaukee, Wisconsin.

“As we continue to execute on our long-term growth strategy, we’re excited to announce the acquisition of these five restaurants in the Milwaukee area,” says Chris Tomasso, First Watch CEO and President. “These previously franchise-owned restaurants perform similarly to our company-owned units, and we look forward to their continued operational excellence and prosperity as we serve our communities in greater Milwaukee for years to come.”

The acquisition was funded with cash on hand.

Industry News, NextGen Casual, First Watch