Whataburger Sells Majority Ownership to Chicago Investment Firm
This is enough to upset the state of Texas and Mike Soileau of Gator 99.5. He loves Whataburger so much, he takes vacations there. It's true, just ask him.
Whataburger announced that it sold majority ownership of the Texas-based, family-owned business to a Chicago-based investment firm, BDT Capital Partners, in an effort to expand the business past its current 800 locations in ten states.
Founded in Corpus Christie, TX, in 1950, Whataburger is currently headquartered in San Antonio, TX. The company released the following statement:
"In order to keep satisfying our customers, we've been exploring different options to expand the brand and introduce it to new audiences," said Whataburger President and CEO Preston Atkinson.
"We've gone through this process purposefully and diligently because we wanted to find a partner who honors our values, culture and 69-year legacy of family tradition."