Late in April, Border Holdings LLC and Golden Gate Capital announced that they had entered into a definitive agreement whereby Border Holdings LLC will acquire the On The Border Mexican Grill & Cantina brand from Golden Gate Capital. Border Holdings LLC is an affiliate of Argonne Capital Group who is partnering with an affiliate of Fortress Investment Group LLC on the transaction. The full-service On The Border restaurant brand owns and operates 121 units across the United States. The brand also franchises 36 units across the U.S., Puerto Rico, Saudi Arabia and South Korea. The menu features a wide variety of Mexican choices, with a focus on fresh, signature and value-oriented dishes, complemented by a full offering of alcoholic and non-alcoholic beverages. “We see a tremendous amount of strength in the On The Border brand and are confident that the company’s unique menu and atmosphere will appeal to a broad demographic as we look to expand this chain nationwide,” said Karl Jaeger, Managing Director at Argonne Capital Group.
Argonne Capital Group, 3060 Peachtree Rd., NW, Suite 400, Atlanta, Georgia (404/364-2984 www.argonnecapital.com) Karl F. Jaeger – Managing Director (kjaeger@argonnecapital.com)
Golden Gate Capital, One Embarcadero Center, 39th Floor, San Francisco, California 94111 (415/983-2700 www.goldengatecap.com)
CATEGORY: Full ServiceTex-Mex
Chain Name: On The Border Mexican Grill & Cantina
Company Name: Border Holdings LLC
Street Address: 2201 W. Royal Ln., Irving, Texas 75063
Tel: 972/499-3000 & 888/682-6882 Fax:
Email: Website: www.ontheborder.com
Menu Specialty: A wide variety of Mexican choices, with a focus on fresh, signature and value-oriented dishes with a full offering of alcoholic and non-alcoholic beverages.
Introduced: In October, 1982 at Knox and Travis in Dallas, Texas
No. of Locations: Owns and operates over 120 units across the United States and franchises more than 35 units across the U.S., Puerto Rico, Saudi Arabia and South Korea.
Areas of Operation: National
Types of Location:
BusinessType (corp., franchise, jv): Corporate & Franchises
Size Req’d:
Special Requirements (patio, drive-thru, etc):
Contact Name: Steve Clark - CEO
Gerald Mann – Sen. Vice President, Marketing (972/499-3054)
Devin L. Keil – Sen. Vice President, Development (972/499-3432 devin.keil@ontheborder.com)
REAL ESTATE REPRESENTATIVES:
FRANCHISE REPRESENTATIVES:
PARENT COMPANY: Argonne Capital Group, 3060 Peachtree Rd., NW, Suite 400, Atlanta, Georgia (404/364-2984 www.argonnecapital.com)
Related Chains:
Last Report: Restaurant & QSR Expansion Report #116 Last Update:
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