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SAN ANTONIO – Whataburger has retained the services of a multinational, investment bank and financial services firm MorganStanley, to help it explore a possible sale, the company confirmed Thursday.
In a written statement, Whataburger's business communication team told the San Antonio Business Journal: "Our company is growing and still attracting investors. We used Morgan Stanley to help us explore our options. We have always evaluated the opportunities that can accelerate growth and maintain the success of our brand, and we will continue to do so in the future. "
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On May 6, Reuters announced that an anonymous sale had announced that a sale was being considered. The private fast-food chain, based in San Antonio, was considering a sale, including a minority sale to a financial investor or a private equity firm. Another anonymous source told Reuters that the channel could generate a valuation of over $ 6 billion.
The QSR commercial publication reported that Whataburger had sales in excess of $ 2.2 billion in 2017, ranking it 22nd among the 50 largest limited-service magazines, based on sales, above burger chains as well known as Hardee, Carl's Jr. and Five Guys.
The company operates 827 sites in 10 states, according to its website, the majority of which are in Texas.
To learn more about the Dallas Business Journal, click here.
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