Monday, May 12th 2025, 10:29 am
A direct competitor of the restaurant chain On The Border Mexican Grill & Cantina is set to acquire it out of bankruptcy.
Houston-based Pappas Restaurants, which owns Pappasito's Cantina and several restaurant brands, said it was the highest bidder at auction.
It did not disclose the amount of the winning bid or future plans.
In March 2025, On The Border filed for Chapter 11 bankruptcy, citing difficult economic conditions, labor shortages and underperforming restaurants.
It also closed multiple locations, including the one at Northwest Expressway and Lake Hefner Parkway in Oklahoma City.
The court must approve the Pappas purchase.
Lacie Lowry is an Emmy Award-winning journalist and has been part of the Griffin Media team since 2010. She loves helping Oklahomans wake up on weekday mornings while co-anchoring News 9 This Morning and News 9 at 9a. You can also catch Lacie’s Flavor of Oklahoma segments where she highlights restaurants and talented chefs in the Oklahoma City metro.
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