Chicago investment firm takes majority stake in Whataburger

SAN ANTONIO — An funding agency has bought a majority stake in Whataburger as the Texas-based mostly fast-meals firm seeks to increase in an increasingly aggressive market.

Whataburger announced Friday that the purchase by Chicago-based mostly BDT Capital Partners must be finalized by the top of the summer time and can be subject to regulatory overview. Phrases of the deal weren’t disclosed.

BDT will provide long-time period capital and steerage as Whataburger, which has its headquarters in San Antonio, competes at a time when comfort shops are offering extra food options and consuming into market share.

The agency typically invests in household-owned corporations.

The primary Whataburger opened in 1950 as a small roadside burger stand in Corpus Christi. It now has almost seven hundred eating places in Texas and more than one hundred fifty others in southern states extending from Arizona to Florida.

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