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The largest family-owned hamburger chain in Texas is no longer a family-owned business. Starting Friday, BDT Capital Partners acquired a majority stake in Whataburger.
BDT is a Chicago-based investment company specializing in family banks and run by founders (like Whataburger).
The company also holds majority shares in Sara Lee's coffee brand, Panera Bread, Peet's Coffee & Tea, Caribou Coffee, Krispy Kreme Donuts, Dunkin's and Einstein, among others.
As a new owner, Whataburger will retain its headquarters in San Antonio and will still be led by "a team of key Whataburger executives with over 150 years of experience combined with the brand," according to a Whataburger release released on Friday.
RELATED: Whataburger for sale? The Texas-based fast food chain confirms the hiring of Morgan Stanley to explore the sale
The Dobson family, who founded the company in Corpus Christi in 1950, will still hold a minority stake in the company, according to the press release.
This is a story in development. Come back for new information. Download our free WFAA app to stay up-to-date on all reports in the Dallas-Fort Worth area.
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