TWO pizza chains will team up to take on the market dominator Dominos, with stores across the Darling Downs to undergo a transition in the New Year.

Pizza Hut is set to buy out existing Eagle Boys stores to slice up the 50 per cent market share held by Dominos.

And it's a move that's excited local Eagle Boys franchisee Monty Gilmore whose store will transition from the pink to the red in the New Year.

"Most of the stores on the Downs will change over to Pizza Hut," Mr Gilmore said.

"It's exciting times and (Pizza Hut) is looking to rejuvenate the stores so it's a positive move."

It means a menu overhaul, new shop fit outs and the buying power of one of the country's biggest pizza chains and a stability injection to boost the remaining Eagle Boys stores across the country.

Eagle Boys went into administration in July, with SV Partners brought in to negotiate the sale of the company's head office which has now carved out a new market share in the highly competitive pizza industry.

The Highfields franchise closed weeks after the announcement, while the region's remaining eight outlets including Wilsonton, Westbrook, Plainland, Oakey, Roma, Stanthorpe and Warwick remaining open.

Those stores, as well as the Pittsworth outlet, will now transition to the Pizza Hut banner in 2017.

Mr Gilmore said he was confident his existing customer base would be satisfied with the new offerings and new brand.

He said it would make the outlets more competitive.

"I think that goes for the other stores in the local areas," he said.

"They have all been successful in the local towns and I believe that will continue.

"They will be changing a lot of things and making it more competitive.

"The administrators have been in negotiations with the owners of Pizza Hut for some time."

Pizza Hut confirmed the Eagle Boys acquisition last week after private equity fund Chester Moynihan bought the mater franchise from the US-based Yum! Brands in September.

The move will give Pizza Hut the second-largest share of the market behind Dominos, which has secured 50% of the market.

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