PAPPAS RESTAURANTS PREVAILS AT AUCTION FOR ON THE BORDER TO EXPAND ITS NATIONAL FOOTPRINT
Beloved Texas-Based Family-Owned Restaurant Group Prevails at Auction for Iconic Tex-Mex Brand
HOUSTON, May 7, 2025 /PRNewswire/ -- Pappas Restaurants is proud to announce it was selected as the prevailing bidder during the auction of On The Border Mexican Grill & Cantina. The transaction, which is subject to court approval, is expected to be finalized and close in the coming weeks.
This acquisition will bring together two iconic Texas-based restaurant brands and expand Pappas' presence in the Tex-Mex category by adding a nationally recognized concept that offers bold flavors at an accessible price point. On The Border's value-driven approach complements Pappasito's Cantina, known for its fresh ingredients, sizzling fajitas, hand-shaken margaritas, and high-energy atmosphere. Together, the brands will allow Pappas Restaurants to serve a wider range of guests across more markets.
"We're excited to welcome On The Border to the Pappas family," said Mike Rizzo, CEO of Pappas Restaurants. "On The Border is a brand with deep heritage and loyal guests, and we see tremendous opportunity to invest in its future. Our shared Texas roots and passion for hospitality make this a natural fit."
With decades of experience operating high-performing restaurant brands, Pappas Restaurants will apply its proven operational model and commitment to quality and hospitality to help strengthen and modernize On The Border locations. The guest experience at On the Border will remain rooted in the lively, welcoming environments that both brands are known for.
"On The Border has always stood out for its energy and bold flavors—it's a brand we've known and respected for years," said Chris Pappas, co-owner of Pappas Restaurants. "This gives us the chance to bring our passion for Tex-Mex to more guests, and we're excited to build on what makes both brands special."
Pappas Restaurants will explore ways to enhance On The Border's menu, operations, and guest experience while honoring the brand's history and fan-favorite offerings. The transition will be guided by a commitment to quality, hospitality, and the celebration of Tex-Mex cuisine.
ABOUT PAPPAS RESTAURANTSBased in Houston, Texas, Pappas Restaurants is a family-owned and operated restaurant group with a portfolio of iconic brands, including Pappadeaux Seafood Kitchen, Pappasito's Cantina, Pappas Bar-B-Q and Pappas Bros. Steakhouse. Known for its attention to detail, high-quality ingredients, and genuine hospitality, Pappas Restaurants has earned a national reputation for excellence in the hospitality industry. For more information, please visit pappas.com.
ABOUT ON THE BORDERFounded in 1982 in Dallas, Texas, On The Border Mexican Grill & Cantina has been serving Border-style Tex-Mex cuisine for over four decades. Known for its mesquite-grilled fajitas, hand-crafted margaritas, and lively dining atmosphere, the brand quickly became a staple in the casual dining scene. At its peak, On The Border operated over 150 locations across the United States and internationally. Today, On the Border operates 60 company-owned restaurants across 18 states and has 20 franchised locations in the U.S. and South Korea.
Media Contact: Media@pappas.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/pappas-restaurants-prevails-at-auction-for-on-the-border-to-expand-its-national-footprint-302449111.html
SOURCE Pappas Restaurants
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
China Matters' Feature: Low-altitude Economy -- A New Industry Reshaping Global Transportation
BEIJING, June 10, 2025 /PRNewswire/ -- From electric vehicles (EVs) to the 4,500-kilometer high-speed railway network that accounts for two thirds of the global total, China is forging a connected world with its outstanding strength. In the field of transportation, China is pioneering a brand-new frontier: the low-altitude economy. To put it in a simpler way, vehicles can transform into flying machines to facilitate people's daily travels. In the future, flying taxis, delivery drones, and airborne adventures are poised to redefine transportation. With the emergence of such companies as DJI drone, China accounts for over 70% of global civilian drone sales. EHang, a Guangzhou-based tech pioneer, has become the world's first company to secure full aviation certifications for its passenger-carrying flying vehicles. The market value of China's low-altitude economy skyrocketed to over $70 billion in 2023, achieving an impressive annual growth rate of 33.8%. What's more, a new low-altitude route between Shenzhen and Zhuhai cuts the three-hour drive down to a 20-minute flight. Faster, more affordable, and with Instagram-worthy views: this is how urban mobility is redefining itself. None of this would be possible without cutting-edge technology. With 5G-Advanced networks tracking aircrafts in real-time, drones can now help plant crops, deliver packages, aid disaster relief operations. This sector's rapid growth highlights its potential to reshape logistics, tourism, and emergency services, signaling vast economic opportunities. Technological advancements in renewable energy, Al, and telecommunications have accelerated the development of low-altitude technologies, while government support and private investments fuel the progress of the entire industry. By integrating radar systems, 5G networks, and Al-driven monitoring, China aims to build a secure, efficient low-altitude ecosystem for future generations. Click the link below to know more about this new technology. Stay tuned for more exciting content coming soon. YouTube Link: View original content to download multimedia: SOURCE China Matters Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
Apollo Makes Strategic Investment in T.D. Williamson
Global infrastructure company T.D. Williamson (TDW) has received a strategic investment from Apollo— though Houston-based private equity firm SCF Partners will retain a majority ownership stake in the infrastructure company, TDW said June 10. SCF Partners acquired TDW in 2022. The size of Apollo's investment was not disclosed. TDW has been a leader in the pipeline maintenance and integrity industry for more than 100 years. The company's offerings include a suite of maintenance and asset optimization solutions that enhance safety, reliability and performance for the full lifecycle of pipeline infrastructure. The company holds more than 500 registered patents, including 'innovations in advanced isolation, integrated pigging, in-line integrity assessment and repair — deployed across both infrastructure and utility end markets,' the company said. '…We are committed to delivering best-in-class, technically differentiated solutions to support the evolving needs of the operators of critical pipeline infrastructure. This investment by Apollo Funds, alongside our existing relationship with SCF Partners, marks a significant milestone in our journey as we continue to invest in meeting the needs of our customers through innovation and expanding our global reach," said TDW CEO Bob McGrew Scott Browning, partner at Apollo, said TDW has a long track record of innovation and customer service and that the investment company will support TDW management and SCF to accelerate strategic growth initiatives. "For over a century, TDW has stood at the forefront of pipeline integrity and innovation," commented Deviyani Misra-Godwin, managing director at SCF. "Over the past three years, we've seen tremendous growth in the company, with the team expanding its technology and product portfolio, deepening customer relationships, and continuing to lead the way on safety and operational excellence. We're honored to continue to work alongside TDW's world-class team and excited to welcome Apollo Funds as a strategic partner in this next chapter of growth." TDW and SCF Partners were advised by Vinson & Elkins LLP. Kirkland & Ellis LLP advised the Apollo Funds.
Yahoo
an hour ago
- Yahoo
Qantas to close low-cost arm Jetstar Asia
Australia's Qantas said on Wednesday it will close Jetstar Asia, the group's Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers. The move will free A$500 million ($326.40 million) in capital for the flag carrier to invest in its fleet renewal plans. Qantas said that 13 Jetstar Asia Airbus A320 aircraft will be progressively redirected to Australia and New Zealand. Jetstar Asia continues to be negatively affected by rising supplier costs, high fees at airports and rising competition in the region, fundamentally challenging its ability to deliver returns comparable to the stronger performing core markets in the group. Group CEO Vanessa Hudson said the company has seen some supplier costs rise by up to 200%, materially changing its cost base. 'We are currently undertaking the most ambitious fleet renewal program in our history, with almost 200 firm aircraft orders and hundreds of millions of dollars being invested into our existing fleet,' Hudson added. The low-cost unit has faced intensifying competition from Southeast Asian budget carriers, including Capital A's AirAsia and Singapore Airlines' Scoot. Qantas launched Jetstar Asia over two decades ago, in a bid to capitalize on the growing demand for low-cost air travel in the continent. Jetstar Asia is currently expected to post an underlying EBIT loss of A$35 million in the current financial year. The airline will cease operating on July 31 and will continue flights for the next seven weeks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
