Latest news with #Texas-Based
Yahoo
21-05-2025
- Business
- Yahoo
Hightower Makes Strategic Investment in Smith Anglin
Texas-Based Wealth Management Practice Joins Hightower to Continue to Scale After Significant Organic Growth CHICAGO, May 21, 2025--(BUSINESS WIRE)--Hightower announced today that the firm has made a strategic investment in Smith Anglin, a financial planning and wealth management practice based in Dallas, Texas, with approximately $2 billion in assets under management. Founded in 1967, the 34-person Smith Anglin team provides an integrated retirement preparedness and tax preparation experience for the aviation industry. "We are really excited to welcome the team at Smith Anglin to Hightower," said Hightower Chairman and CEO Bob Oros. "The storied organization has built a distinct business model and client focus, with deep experience serving the airline industry, and has demonstrated impressive organic growth over the last few years. We're looking forward to helping them accelerate their growth as a respected aviation brand in the wealth management space." Smith Anglin marks the second strategic investment for Hightower in 2025. With a range of value-added services, including a national in-house trust company, business owner specialty services and inorganic growth support, Hightower provides its advisors the resources to better align with client needs and offers the next phase of growth and support for their practices. "Our focus has always been on delivering wealth management for life, and our advisors work diligently to help our clients achieve their goals, dreams, and financial security," said Steve Anglin, partner at Smith Anglin. "We're really excited to be able to take advantage of Hightower's resources, including its integrated tech stack and value-added services, which will allow us to continue to grow our business and help deliver on our mission to secure the financial well-being of our clients over the course of their lives." In the transaction, Smith Anglin was advised by Berkshire Global Advisors LP and Scheef & Stone, LLP, provided legal counsel. For Hightower, Polsinelli PC provided legal counsel. The nationwide Hightower advisor community now comprises 140 advisory businesses in 35 states and the District of Columbia. Hightower offers a wide range of services for accelerating organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll, and human resources. Advisory groups that partner with Hightower also receive access to inorganic growth services such as sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for M&A transactions. As of June 30, 2024, Hightower's assets under management (AUM) were approximately $156 billion. Learn more about Hightower's collaborative business model at About HightowerHightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower's capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of "well-th. rebalanced." Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower's collaborative business model at Hightower Advisors, LLC is an SEC registered investment adviser. Registration as an investment advisor does not imply a certain level of skill or training. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC. View source version on Contacts Magnitude, Inc. for Hightower AdvisorsDaniel DelsonDaniel@ 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
08-05-2025
- Business
- Yahoo
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 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@ View original content to download multimedia: SOURCE Pappas Restaurants
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
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 RESTAURANTS Based 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 ABOUT ON THE BORDER Founded 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@ View original content to download multimedia: SOURCE Pappas Restaurants
Yahoo
27-03-2025
- Business
- Yahoo
Arca Continental Coca-Cola Southwest Beverages Wins 2025 Market Street Challenge
Texas-Based Coca-Cola Bottler Named National Leader in Competition Among U.S. Bottlers DALLAS, March 27, 2025--(BUSINESS WIRE)--Arca Continental Coca-Cola Southwest Beverages (AC-CCSWB), the Coca-Cola bottler for Texas and parts of Oklahoma, New Mexico and Arkansas, has been named the winner of the Coca-Cola Market Street Challenge for the third time, marking its second consecutive win. The Market Street Challenge honors the bottler demonstrating the highest level of executional excellence across the U.S. Coca-Cola system. Competing against the top bottlers in the U.S., AC-CCSWB was selected by its peers based on rigorous performance criteria, including topline growth, capability building and a steadfast investment in its people and culture. "Securing, for the third time the prestigious award of Coca-Cola North America Market Street Challenge, reaffirms our vision to be leaders in the markets we operate in, driven by our dedicated team members and our will to make a difference," said Arturo Gutiérrez Hernández, CEO of Arca Continental. "Coca-Cola Southwest Beverages' consistent performance over time exemplifies the power of a strategic blend of strong culture and shared principles." This achievement is a result of Arca Continental's commitment to create and share value. Since its inception in 2017, AC-CCSWB has merged the best practices of the U.S. and Latin America, creating a unique bottler proposition and a stronger future for both the company and the communities it serves. The Market Street Challenge win highlights the strength of its culture and collaboration, setting the stage for continued success in the years to come. Jean Claude Tissot, president of AC-CCSWB, expressed his pride in the company's achievement. "This award is a testament to the dedication of our Frontline Heroes, whose unwavering commitment and hard work drive the very heart of our company's success. Their efforts embody the commitment to create and share value that defines Arca Continental legacy, and the results we achieve across our territory." As the winner of the U.S. Market Street Challenge, AC-CCSWB will represent North America in the Candler Cup, Coca-Cola's international bottler competition. This year, CCSWB has also been recognized with the AC Cup from Arca Continental and Monster's Bottler of the Year for 2024. These prestigious awards reaffirm Arca Continental's commitment to excellence and its position as a leader in the Coca-Cola system. About Arca Continental Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise in the United States. With an outstanding history spanning more than 99 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America, and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 128 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker "AC". About Arca Continental Coca-Cola Southwest Beverages Dallas-based Coca-Cola Southwest Beverages (AC-CCSWB), a company of Arca Continental, is one of the largest Coca-Cola bottlers in the United States. AC-CCSWB produces, markets and distributes Coca-Cola brands throughout Texas and parts of New Mexico, Oklahoma and Arkansas. The company employs more than 9,000 associates who operate 7 production plants and 37 distribution facilities, serving more than 31 million consumers. For more information, visit and View source version on Contacts Sara Jendrusch-Wongsjendruschwong@ Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
Arca Continental Coca-Cola Southwest Beverages Wins 2025 Market Street Challenge
Texas-Based Coca-Cola Bottler Named National Leader in Competition Among U.S. Bottlers DALLAS, March 27, 2025--(BUSINESS WIRE)--Arca Continental Coca-Cola Southwest Beverages (AC-CCSWB), the Coca-Cola bottler for Texas and parts of Oklahoma, New Mexico and Arkansas, has been named the winner of the Coca-Cola Market Street Challenge for the third time, marking its second consecutive win. The Market Street Challenge honors the bottler demonstrating the highest level of executional excellence across the U.S. Coca-Cola system. Competing against the top bottlers in the U.S., AC-CCSWB was selected by its peers based on rigorous performance criteria, including topline growth, capability building and a steadfast investment in its people and culture. "Securing, for the third time the prestigious award of Coca-Cola North America Market Street Challenge, reaffirms our vision to be leaders in the markets we operate in, driven by our dedicated team members and our will to make a difference," said Arturo Gutiérrez Hernández, CEO of Arca Continental. "Coca-Cola Southwest Beverages' consistent performance over time exemplifies the power of a strategic blend of strong culture and shared principles." This achievement is a result of Arca Continental's commitment to create and share value. Since its inception in 2017, AC-CCSWB has merged the best practices of the U.S. and Latin America, creating a unique bottler proposition and a stronger future for both the company and the communities it serves. The Market Street Challenge win highlights the strength of its culture and collaboration, setting the stage for continued success in the years to come. Jean Claude Tissot, president of AC-CCSWB, expressed his pride in the company's achievement. "This award is a testament to the dedication of our Frontline Heroes, whose unwavering commitment and hard work drive the very heart of our company's success. Their efforts embody the commitment to create and share value that defines Arca Continental legacy, and the results we achieve across our territory." As the winner of the U.S. Market Street Challenge, AC-CCSWB will represent North America in the Candler Cup, Coca-Cola's international bottler competition. This year, CCSWB has also been recognized with the AC Cup from Arca Continental and Monster's Bottler of the Year for 2024. These prestigious awards reaffirm Arca Continental's commitment to excellence and its position as a leader in the Coca-Cola system. About Arca Continental Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise in the United States. With an outstanding history spanning more than 99 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America, and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 128 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker "AC". About Arca Continental Coca-Cola Southwest Beverages Dallas-based Coca-Cola Southwest Beverages (AC-CCSWB), a company of Arca Continental, is one of the largest Coca-Cola bottlers in the United States. AC-CCSWB produces, markets and distributes Coca-Cola brands throughout Texas and parts of New Mexico, Oklahoma and Arkansas. The company employs more than 9,000 associates who operate 7 production plants and 37 distribution facilities, serving more than 31 million consumers. For more information, visit and View source version on Contacts Sara Jendrusch-Wongsjendruschwong@ Sign in to access your portfolio
