Golden Gate Capital: affiliate buys On The Border

Dallas / TX. (ggc) OTB Acquisition LLC, an affiliate of Golden Gate Capital, announced that it has completed its acquisition of On The Border Mexican Grill + Cantina from Brinker International Inc..

«This is an exciting day for On The Border, its team members and Golden Gate Capital. This is a great brand with great potential», said Josh Olshansky, a Managing Director at Golden Gate Capital. «We are enthusiastic about the Company´s significant growth opportunities and we are very pleased to partner with the On The Border team to continue the success of this market leading brand».

Golden Gate also announced the appointments of Stephen Clark as Chief Executive Officer and Christopher Morris as Chief Financial Officer. Clark is an experienced restaurant executive with an excellent track-record leading casual dining and Mexican restaurant brands. Clark previously served as CEO at Bertucci´s, Taco Bueno, and Taco Cabana, where his leadership generated strong same-restaurant sales and profit growth. Morris joins On The Border with over fourteen years of restaurant industry experience. For the past six years, he served as CFO of Chuck E. Cheese´s, a publicly traded family dining and entertainment chain with over 500 locations.

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