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Whataburger is exploring opportunities that could include a sale to a private equity firm or a financial investor, the company said.
The San Antonio-based fast food chain confirmed the possibility to Reuters earlier this month. Whataburger also confirmed Thursday that the company had hired Morgan Stanley, the multinational investment bank and financial services company, the San Antonio Business Journal reported.
"Our company is growing and is still attractive to investors, and we have engaged Morgan Stanley to help us explore our options," Whataburger said in a statement to Business Journal. "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. "
Whataburger operates more than 800 sites across the country, according to its website; most of them are in Texas.
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