Friday, July 2, 2010

Sale of On The Border to Golden Gate Capital Completed

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. (NYSE: EAT).

"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."

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