Texas’ beloved Whataburger has just been sold to a Chicago investment firm.
BDT Capital Partners acquired a majority stake in San Antonio-based Whataburger today. The financial terms, however, have not yet been released.
Whataburger will continue to be headquartered in San Antonio, and the group will “begin exploring expansion plans,” according to a statement released today.
The Dobson family, Whataburger’s founders, will continue a minority ownership position in the company.
“Whataburger is an iconic brand and extraordinary company with an important legacy of family ownership, loyal customers, valuable community involvement, dedicated and talented employees, and a highly experienced management team,” Tiffany Hagge, managing director of BDT Capital Partners, said in a written statement. “We look forward to a long-term partnership with the Whataburger team, continuing their commitment to serving high-quality, great-tasting food at a value and delivering a superior customer experience. We are excited to support Whataburger as they continue to innovate and pursue accelerated growth in existing and new markets.”