First Watch completes $49M acquisition, adds 500 employees

First Watch is open from 7 a.m. to 2:30 p.m. daily and brands itself as a daytime dining concept.
First Watch is open from 7 a.m. to 2:30 p.m. daily and brands itself as a daytime dining concept.
Photo by Elizabeth King
  • Manatee-Sarasota
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Daytime dining concept First Watch has completed a $49 million deal, acquiring 16 franchise-owned First Watch restaurants and development rights in North and South Carolina. Marking the second-largest acquisition in the history of the East Manatee County-based company, the deal was made on a cash-free, debt-free basis, according to a statement.

 

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