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Whataburger today announced the sale of a majority stake in the company to BDT Capital Partners, LLC, a Chicago-based bank.
In a statement, Whataburger President Preston Atkinson said the sale was intended to introduce the new family business to new customers.
"They want to preserve it while helping us continue to develop a sustainable and competitive business over a long period of time," Watson said. They do not plan to change our recipe for success.
The company's headquarters will remain in San Antonio.
The Dobson family opened the first Whataburger in Corpus Christi in 1950. The family will retain a minority stake in the company, which now has more than 800 restaurants in 10 states.
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