Whataburger Sold to Chicago-Based BDT Capital
The days of family-owned Whataburger are over.
On Friday, June 14th, it was announced that BDT Capital Partners based in Chicago had acquired a majority stake in the Texas chain.
According to WFAA in Dallas, BDT is an investment company that specializes and invests in family-owned businesses. BDT also holds majority shares other brands, such as Panera Bread, Dunkin', and Krispy Kreme Doughnuts.
Whataburger will still have its headquarters in San Antonio and will reportedly be led by key Whataburger executives.
This could mean expansion outside of Texas for the popular burger chain.
Many have taken to social media to express their thoughts on today's news. That includes JJ Watt of the Houston Texans, who posted this on Twitter: