US EditionPAPPAS RESTAURANTS PREVAILS AT AUCTION FOR ON THE BORDER TO EXPAND ITS NATIONAL FOOTPRINT
- On May 7, 2025, Houston-based Pappas Restaurants, a family-owned business from Texas, emerged as the winning bidder at the auction to purchase the well-known Tex-Mex dining chain formerly headquartered in Irving.
- The auction followed On The Border's March Chapter 11 bankruptcy filing, and the transaction awaits court approval at a May 16 hearing.
- The acquisition combines two iconic Texas brands to expand Pappas' Tex-Mex presence and serve a broader range of guests nationally.
- On The Border has a total of 60 company-owned locations spread throughout 18 states, along with 20 franchised restaurants in both the United States and South Korea. Mike Rizzo expressed enthusiasm about adding On The Border to the Pappas family.
- The transaction is expected to close in coming weeks, with Pappas planning to modernize On The Border while honoring its history and commitment to Tex-Mex hospitality.
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41 Articles
Houston-based Pappas Restaurants wins bankruptcy auction for On The Border
The purchase is subject to court approval later this month. On The Border, headquartered in the Dallas area, operates 80 locations in the U.S. and internationally, but does not have any restaurants in the Houston area.
Restaurant brand to save bankrupt On The Border & plans menu takeover
A POPULAR restaurant brand is poised to save On the Border after its bankruptcy filing – and a massive menu takeover is coming. On the Border has been saved by its knight in shining armour, in a time when the dining sector is struggling more than ever. GettyOn the Border has been saved by its knight in shining armour, in a time when the dining sector is struggling more than ever[/caption] The restaurant business is struggling with higher food co…
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