Argonne to acquire On The Border

Argonne to acquire On The Border

Golden Gate Capital agrees to sell casual-dining chain

Golden Gate Capital has agreed to sell the 157-unit On The Border Mexican Grill & Cantina casual-dining brand to Argonne Capital Group, the companies said Thursday.

Terms of the deal were not disclosed. The acquisition company is Border Holdings LLC, and Atlanta-based Argonne and Irving, Texas-based Fortress Investment Group LLC partnered on the transaction.

Irving, Texas-based On The Border owns and operates 121 domestic units and franchises 36 locations

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