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Whataburger is no longer a family business. On Friday, a majority stake was sold to Chicago-based investment bank BDT Capital Partners.
The hamburger chain will remain based in Texas and the group "will begin to explore its plans for expansion." There are currently more than 700 Whataburger stores in 10 states.
"Whataburger has grown significantly over the years. And, in order to continue to satisfy our customers, we explored different options to develop the brand and introduce it to new audiences. We followed this process with determination and diligence because we wanted to find a partner that respected our values, our culture and our 69-year-old family tradition, "said Preston Atkinson, President and CEO of Whataburger.
"We are delighted with the partnership with BDT because they respect and admire the brand we have created," continued Atkinson. "They want to preserve it while helping us to continue to develop a sustainable and competitive business over a long period. They do not plan to change our recipe for success. "
"Most of all, we are extremely grateful to the 43,000 members of our Whataburger family who work in our restaurants 24 hours a day, 7 days a week," said current Council Chair Tom Dobson. "And to our Whataburger fans: you are part of our family. And as we grow, we know that our Whataburger team will continue to make you proud. "
Pictured: Whataburger restaurant on North Century Boulevard in Century. NorthEscambia.com photo, click to enlarge.
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