Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Texas chain Whataburger sold to Chicago investment firm
www.nwfdailynews.com ^ | Posted Jun 15, 2019 at 8:11 AM Updated Jun 15, 2019 at 8:11 AM | By Lori Hawkins | GateHouse Media

Posted on 06/17/2019 9:16:30 AM PDT by Red Badger

Fast-food chain Whataburger – beloved by generations of folks living in the Southeast – is now the property of a Chicago investment firm.

BDT Capital Partners has agreed to acquire a majority stake in San Antonio-based Whataburger, the companies announced Friday.

Financial terms of the deal were not released.

Whataburger will continue to be headquartered in San Antonio, Texas, and the groups will “begin exploring expansion plans,” according to a statement.

Whataburger’s founders, the Dobson family, will keep a minority ownership position in the company. President and CEO Preston Atkinson and board chairman Tom Dobson will keep their seats on the board, but will retire from daily operations.

The decision to sell the company “is both exciting and bittersweet” for the family, Tom Dobson said.

“Whataburger has been the heart and soul of our family legacy for nearly 70 years, but we feel really good about the partnership with BDT,” he said. “They have a track record of success with businesses as special as ours that want to grow, while preserving culture and family history. They are trusted advisors and partners who have worked closely with other family businesses and they have a tremendous reputation for doing the right thing.”

Ed Nelson, Whataburger’s chief financial officer and controller, will become the company’s president. Several other company executives are also being promoted.

Whatburger was founded by entrepreneur Harmon Dobson in 1950. According to the company’s website, Dobson had one goal in mind: “to serve a burger so big that it took two hands to hold, and so good that after a single bite customers couldn’t help but exclaim, ‘What a burger!’ He named his humble burger stand, located on Ayers Street in Corpus Christi, ‘Whataburger.’ ”

Today, Whataburger has more than 820 locations, with more than 670 of those in Texas. Whataburger’s other locations are in the South and Southwest, including Alabama, Arizona, Arkansas, Florida, Georgia, Louisiana, Mississippi, New Mexico and Oklahoma. The company has more than 43,000 employees and has more than $2 billion in annual revenue, according to a company news release.

“Whataburger is an iconic brand and extraordinary company with an important legacy of family ownership, loyal customers, valuable community involvement, dedicated and talented employees, and a highly experienced management team,” Tiffany Hagge, managing director of BDT Capital Partners, said in a written statement. “We look forward to a long-term partnership with the Whataburger team, continuing their commitment to serving high-quality, great-tasting food at a value and delivering a superior customer experience. We are excited to support Whataburger as they continue to innovate and pursue accelerated growth in existing and new markets.”

The sale was not unexpected. Whataburger said last month that it had hired investment banking firm Morgan Stanley to help the company figure out how best to fuel its expansion.

“Whataburger has grown significantly over the years. And, in order to keep satisfying our customers, we’ve been exploring different options to expand the brand and introduce it to new audiences,” Atkinson said. “We’ve gone through this process purposefully and diligently because we wanted to find a partner who honors our values, culture and 69-year legacy of family tradition.”


TOPICS: Business/Economy; Food; Society; Travel
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-111 next last
To: mabarker1

Never had one; are they any good?


81 posted on 06/17/2019 11:20:24 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Mathews

First things to go will be the “In God we Trust” and “God Bless America” signs...


Don’t forget about the flag. They always display the USA flag.


82 posted on 06/17/2019 11:23:21 AM PDT by redshawk (0pansy is a Liar and Hates.........he just hates!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Red Badger

Oh well expect price increases. Patties are so thin anyway. Make your own and add some mustard for that Whataburger taste. Big government and big corporate often team up to screw us all.


83 posted on 06/17/2019 12:09:27 PM PDT by tflabo (Prince of Peace, Lion of Righteousness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

They may as well be serving cardboard. Their patties are thin and have lots of gristle. We switched to DQ about a year ago.

On another note, I broke a tooth on a bone fragment and couldn’t find the attorney who accepts service. They have about 5 addresses for “headquarters”. And some outfit out of Kentucky handlea their complaints. They stopped being “Texan” about two generations back.


84 posted on 06/17/2019 12:12:03 PM PDT by Terry Mross (I'ma)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Red Badger
Like everyone here, I hope the food doesn't change!

I'm on diets for diabetics (no bread) and gout (no beef). BUT, about twice a year, I treat myself to a double or triple Whataburger cheeseburger with "the works" -- plus a small fries with their "spicy hot " ketchup.

That's about as close to "hamburger heaven" as you can get, IMO...

Of course, I "behave myself" by having water instead of the big shake I crave... '-)

85 posted on 06/17/2019 1:02:16 PM PDT by TXnMA (Paraphrasing Adm. Farragut: "Damn the whines for 'impeachment'! Full speed ahead!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

As a displaced Texan...I am really bothered by this. It’s the equivalent of In-N-Out Burger being sold and run by a company from New York. I can hear the death rattle now...


86 posted on 06/17/2019 1:09:36 PM PDT by USAF1985 (IÂ’ll take one vet over a million libs any day of the week.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USAF1985

We ate at Whataburger for lunch yesterday.

Little did we know it may be the last time we get good burgers there...............


87 posted on 06/17/2019 1:11:21 PM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
[ Post Reply | Private Reply | To 86 | View Replies]

To: dfwgator

Hardees is still good...................


88 posted on 06/17/2019 1:11:45 PM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
[ Post Reply | Private Reply | To 54 | View Replies]

To: Squantos; Martin Tell; fullchroma; babble-on; Black Agnes
Next time I pass thru the Panhandle well stop there with you sir ....I’m serious....my lads are aching for a mountain trip and Amarillo to Tucumcari to Las Vegas NM is usual route

these are my local Nashville area spots for old school hand patty burgers ....buttered toasted bun...a key step<> B5-BEDC36-5733-487-F-BE82-01808-E5-B276-F

BD07293-E-BCF0-44-D5-ACB3-84347-FB74-FFF

E429-EA90-AE9-A-4-E13-8-A43-ECA9-F4-BC7414

where I grew up in Mississippi these were the Gold Standard

0-B188-C58-3-B7-D-43-C2-ADB2-10317-BDB042-C

3-B96-A9-B2-77-BE-486-C-8-AF7-FA8-BC399-FF26

CC9664-B3-4-BBF-4944-A33-C-C6497-BEBB424



89 posted on 06/17/2019 1:33:08 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
[ Post Reply | Private Reply | To 77 | View Replies]

To: bigbob

Don’t you dare disparage whataburger Mr.

As just some Texans favorite burger joint

Whataburger is a top tier burger chain like In and Out or Culver’s or the southeast’s new chain Cook Out which is decent too

We ain’t talking McDonalds or Burger King or Crap in the Box

This like White Castle buying Krystal

It’s blasphemous


90 posted on 06/17/2019 1:53:06 PM PDT by wardaddy (I applaud Jim Robinson for his comments on the Southern Monuments decision ...thank you)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Dr. Sivana

Having tried JITB, Five Guys, Fatburger, Culvers, and Whataburger,

In-n-out has NOTHING to worry about. Well, perhaps the power of advertising, but their product is SO superior...


91 posted on 06/17/2019 2:04:58 PM PDT by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Don W

I know a lot of folks like In ‘n’ Out, but I was disappointed. Objectively, the Five Guys burger is better. Shake Shack is even more overrated.


92 posted on 06/17/2019 3:21:50 PM PDT by Dr. Sivana
[ Post Reply | Private Reply | To 91 | View Replies]

To: Gasshog

Good grief, I know just where that is. If you remember it being put in, you’re older than me. I just remember going to Gibson’s as a kid and flipping through the bargain bin LPs and that Whataburger makes me think of Island Girl playing on the radio.


93 posted on 06/17/2019 3:29:18 PM PDT by Rastus
[ Post Reply | Private Reply | To 47 | View Replies]

To: Red Badger

They better not mess with Texas’ Whataburger. I’ll drive miles past other chains to get to a Whataburger.


94 posted on 06/17/2019 3:53:20 PM PDT by wildbill
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dr. Sivana

Different strokes, I suppose. I have yet to have a superior Five guys burger, and I have never been disappointed by In-N-Out. Fries, however, five guys blow in-n-out completely outta the water.

If we all liked the same thing, what a boring world it would be!


95 posted on 06/17/2019 4:09:19 PM PDT by Don W (When blacks riot, neighbourhoods and cities burn. When whites riot, nations and continents burn.)
[ Post Reply | Private Reply | To 92 | View Replies]

To: Red Badger

Chicago investment firm. BDT Capital Partners decided to cut costs to turn a tidy profit.
The restaurant chain is now called: Whatisintheburger?


96 posted on 06/17/2019 4:11:30 PM PDT by minnesota_bound
[ Post Reply | Private Reply | To 1 | View Replies]

To: Don W

True, notice I said “objectively” better. I have a soft spot for the Steak ‘n’ Shake Wisconsin Butter Burger (far more buttery than Culver’s Butterburger).


97 posted on 06/17/2019 5:47:50 PM PDT by Dr. Sivana
[ Post Reply | Private Reply | To 95 | View Replies]

To: Red Badger

Yeah, I really like Chicago Pizza. As do a few others.


98 posted on 06/17/2019 6:35:53 PM PDT by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
[ Post Reply | Private Reply | To 69 | View Replies]

To: wardaddy

wardaddy, amen to Brown’s and Rotier’s! I also enjoy Joe’s Place in Green Hills. True dive.


99 posted on 06/17/2019 7:37:44 PM PDT by fullchroma
[ Post Reply | Private Reply | To 89 | View Replies]

To: wardaddy

“my lads are aching for a mountain trip and Amarillo to Tucumcari to Las Vegas NM “

A buddy of mine was once the postmaster of LV NM. I’d never heard of it before he took the job. A small but somewhat historic town.


100 posted on 06/17/2019 7:44:51 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
[ Post Reply | Private Reply | To 89 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-111 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson