Whataburger Is Sold, No Longer Family Owned
The very familiar family owned burger chain is no longer family owned.
According to multiple published reports and WFAA.com, the majority interest in Whataburger has been acquired by BDT Capital Partners. The new owners are a Chicago based merchant bank that specializes in acquiring family and founder led companies.
According to a Whataburger Facebook post, the company had been searching for financial support to help the company grow. The company says Whataburger headquarters will remain in San Antonio and have announced a new management lineup of key Whataburger executives that have a combine 150 years of service to the Whataburger brand.
The founding family, The Dobson Family, will still hold a minority ownership in the company. The Whataburger brand will now join a lineup that includes other famous brands like Panera Bread, Krispy Kreme Donuts, Dunkin', Einstein's, Sara Lee and others.
The orange and white stripes aren't going away, if anything they'll be spreading out across the nation and others will be introduced to the burgers that we're so addicted to.