No one location is his favorite. But that’s going to change. Arianne and Jordan Moore had a wedding ceremony inside a Whataburger restaurant in January 2019. BDT Capital Partners has agreed to acquire a majority stake in San Antonio-based Whataburger, the companies announced Friday. It now has 820 locations in 10 states, with nearly 700 of those in Texas. "Long-term growth, this is important," for this merger, Lee said. Welcome to our new and improved comments, which are for subscribers only. A Whataburger-inspired mum features an orange feather boa and Whataburger ribbon. A merchant bank will acquire a majority interest in Whataburger, the regional burger chain that started in Corpus Christi. The Leukemia & Lymphoma Society BrandVoice. A merchant bank will acquire a majority interest in Whataburger with an intent to expand the regional burger chain. Let me count the ways, Read or Share this story: https://www.caller.com/story/news/local/2019/06/14/whataburger-has-new-majority-owner/1456279001/. The new majority owner … Kathryn Cargo follows business openings and developments while reporting on impacts of the city government’s decisions. Fort Worth resident Trisha Ruiz made a Whataburger-themed chicken coop in her backyard for her chickens. The coop came into fruition when Ruiz joked to her husband that she would never be close to a Whataburger again after she moved to the country. It is now owned by a Chicago investment firm with minority ownership by the Dobson family. I know, I know, this secret menu resource has listed off way too many … WOA owns Whataburger restaurants in Jim Wells, Webb and Bee counties. An oil painting shows a Whataburger sign against a mountain lanscape. As news of the Chicago-based company's majority interest broke, they took to social media. Rusty, left, and Stitch wear Whataburger hats. August 04, 2020. Opinions expressed by Forbes Contributors are their own. Each and every Whataburger® is still made to order. Under its new ownership, in 2020 … Today, Whataburger has more than 800 locations in Alabama, Arizona, Arkansas, Florida, Georgia, Louisiana, Mississippi, New Mexico, Oklahoma, and of course, their home state, Texas. "Whataburger is trying to strengthen its financial condition," he said. The founding family will hold minority ownership. Its most popular dishes are the Whataburger, Double Meat Whataburger and Whataburger Patty Melt. As the recently named CEO, Nelson said his top two priorities are: 1) staying true to Whataburger’s legacy and commitment to fresh food and original recipes, 2) Steadily grow the brand where it sees the most opportunities for business. Now, Whataburger is the latest in a line of San Antonio companies bought by a private equity firm or lost to an outside merger within the past three years. That changed in June 2019 when BDT Capital Partners, a merchant bank that invests in family and founder-led companies, made a majority investment in Whataburger. In addition, it’s remodeling a limited number of locations. Like Whataburger, WOA now is owned by its founder’s heirs. Employees at CC Braces in Corpus Christi decorated a pumpkin as a Whataburger. © 2021 Corpus Christi Caller-Times, All rights reserved. Its delivery is aligned with Olo, which works with Whataburger’s own app, not the usual array of third-party deliverers such as GrubHub The company, which started in Corpus Christi in 1950 with one burger stand, made the announcement on Friday. Most of Whataburger’s locations are down south in Texas, Oklahoma, Mississippi, Florida and Louisiana but it stretches west to New Mexico and Arizona. Texans aren't shy about their love of Whataburger. Its average dinner price is $14 a person. I’m interested in covering restaurants from every angle: changing food, the effect of e-commerce, customer service, hiring and retaining. Help support local journalism with a digital subscription to the Caller-Times. Fat Tire Releases Beer Made From Ingredients Available In The Future. Corpus Christi has 23 Whataburger locations inside city limits. BDT Capital Partners will acquire a majority interest in Whataburger and the founding family will hold minority ownership. Help support local journalism with a digital subscription to the Caller-Times, WhataDad! Evelyn Lopez Terrazas is seen eating Whataburger during her quinceañera session. Whataburger is owned by Tom, Lynne and Hugh Dobson started on August 8, 1950. (CNN) — The family-owned Texas chain Whataburger has sold its majority ownership to a Chicago investment firm in a bid to expand. From Press Release – RestaurantNews.com. Like Whataburger, WOA now is owned by its founder's heirs. An investment firm based in Chicago with the name BDT Capital Partners announced last week that it was acquiring a … GRUB And now feels just right. Store employees signed a card to congratulate the couple. It’s unclear how many will be added in each state or the exact locations. Blake Miller won a Snapchat contest in 2016 with free Whataburger for a decade. Both company founders are deceased. Both their visions relate to family-owned and -founded businesses. By year-end, Coloradans will finally have the chance to sink their teeth into Whataburger’s big flavors and fresh ingredients… Whataburger at Gollihar and Kostoryz roads. Please be polite. Evelyn Lopez Terrazas eats Whataburger during her quinceañera photo shoot. Sophie the Boxer dressed up as Whataburger employee at the seventh annual Bark in the Park in Corpus Christi Saturday, Oct. 20, 2018. I’ve interviewed the CEOs of Panera Bread, Chipotle and Cheesecake Factory, focusing on ascertaining why those chains have flourished during tough times for restaurants. Despite an initial robust franchising strategy, it, for the most part, put franchising on hold, though some franchisees did add outlets. It was only a matter of time before Whataburger answered the call of Colorado Springs fans. Who they choose as franchisees will determine their success, more than the brand itself,” Reinstein concludes. Here's a list of Whataburger-themed gift ideas for Father's Day, Texas family gives sickened dog a Whataburger party, This Texas couple got married inside a Whataburger restaurant, More I-37 closures coming for bridge project, When Nueces County could reach herd immunity, Science and History museum hosts 'Wizarding World' event, Police ID suspect in Adams Drive disturbance, Your California Privacy Rights/Privacy Policy. The chain will also begin franchising. The Chicago … Whataburger is based in San Antonio and has Longhorn roots. Now it’s unclear how many brick-and-mortar stores are planned for the state. All Rights Reserved, This is a BETA experience. Both company founders are deceased. It's OK to disagree with someone's ideas, but personal attacks, insults, threats, hate speech, advocating violence and other violations can result in a ban. Ed Nelson, currently serving as chief financial officer and controller, will be promoted to president. This is a test to see whether we can improve the experience for you. Now, the company previously had come out against openly-carried firearms. Whataburger [Official] Texas’s favorite family-owned burger chain Whataburger has new owners — since announcing last month that it was looking to “explore our options,” it … The company was headquartered in Corpus Christi until 2009. And with Covid-19 and the new emphasis on speed and efficiency, can it maintain its hospitality, he wonders? You will need to register before adding a comment. Now, more than 50 years later, Whataburger has stood the test of time. Though Whataburger may not have the cult following that In-N-Out Burger has, but in its 10 states and its 830 restaurants, it has garnered a very loyal audience. © 2021 Forbes Media LLC. Texans Hope Their Beloved Whataburger Stays True Under New Chicago Owners BDT, banker to billionaires, vows to protect the iconic Texas brand. A mere nine years after the debut of Whataburger in … BDT Capital Partners has raised more than $15 billion across its investment funds and created and manages an additional $4.7 billion of co-investments from its global limited partner investor base. It stepped up franchising because “adding to our long-standing franchisee family, while also opening company-owned restaurants, allows us to have better market penetration,” Nelson asserts. Fast-food chain Whataburger -- beloved by generations of Texans -- is now the property of a Chicago investment firm. The company, which started in Corpus Christi in 1950 with one burger stand, made the announcement on Friday. “This leadership team has the right combination of Whataburger core values, strategic vision and people-centered leadership to take us into the future.”. She was inspired by her role model and baby sitter who works at the fast food restaurant. It’s Awful And They Know It. The first out of state location opened in 1959. Jim Lee is a regents professor of economics at Texas A&M University-Corpus Christi and the director of the South Texas Economic Development Center. Harmon Dobson opened up a burger stand in Corpus Christi, Texas, in 1950, and made his burgers so enormous that he exclaimed, “Whataburger.” Hence, its name. I cover restaurants of all different types and from a variety of vantage points. Harmon Dobson opened the first Whataburger roadside burger stand in Corpus Christi in 1950. I’m always looking for a fresh angle: What can restaurants learn from TripAdvisor and Yelp reviews. And now, as we proudly serve burgers, chicken, salads and breakfast at more than 800 Whataburger locations across the country, that first burger stand is still close to our hearts. The two JWB companies are involved in the ownership of Whataburger franchises in Jacksonville and through them, Brunell owns an interest in 11 … 2,886 were here. Whataburger is an American privately held, regional fast food restaurant chain, headquartered and based in San Antonio, Texas, that specializes in hamburgers. If it executes well, chooses the right locations and franchisees, Reinstein envisions that it could “double or triple” in the foreseeable future. A link has been sent to your friend's email address. He holds up his favorite meal, the Chop House Burger during a visit to the Ingleside location on April 6, 2016. The company, founded by Harmon Dobson and Paul Burton, opened its first restaurant in Corpus Christi, Texas, in 1950. About its former approach, CEO Nelson said its business model was based on growing “sales through existing restaurants, average unit volume and along with our existing franchisees.”. Whataburger, a beloved hamburger chain in Texas that was born in Corpus Christi, has been purchased by a Chicago investment firm called BDT Capital Partners. Family-owned by the Dobsons until 2019, the chain is now managed by a private equity firm along with the Dobson family still holding a small stake. According to KMBC News in Kansas City, Whataburger has confirmed that it's looking to expand into Kansas City and Tennessee, as well as other southeastern markets. Among the 35 news restaurants, Whataburger says 25 will be company-owned and 10 will be franchised. On August 3, Whataburger named Ed Nelson, who had been with the brand for 16 years, as its new CEO. "Obviously, the namesake will still remain, but Whataburger will gain access to more capital and capital management ... that would be helpful for future expansions.". He said Whataburger was recognized for its hospitality and its customization, serving individual toppings and cheese, with each burger. Wochit. Why is everything speeded up at most restaurants? Artist Michael Esparza said this Whataburger painting sold an hour after being hung at a San Antonio art market. If you see comments in violation of our community guidelines, please report them. Whataburger: Founded by Harmon Dobson in Corpus Christi in 1950, Whataburger, on the quality of its made-to-order burgers, and eventual ever-presence (there are now … (Photo: Rachel Denny Clow/Caller-Times). "It's not immediate capital. ", A number one meal from Whataburger. Mar. Of Whataburger’s 830 retail shops, 703 are company-owned, and 127 are franchised. A What-a-Woman photography session at a Gonzales, Texas What-a-burger has gone viral. “As the brand embarks on a growth and expansion plan, we decided the time was right to promote new leadership to carry the company forward,” Atkinson said in the news release. Founded in 1950, Whataburger now operates more than 800 restaurants in 10 states. Whataburger President Ed Nelson Promoted to CEO. Nonetheless, change is often the case when ownership shifts, and revenue numbers must be reached—or consequences happen. I’ve interviewed the CEOs of Panera Bread, Chipotle and Cheesecake Factory, focusing on. Two women are seen picking up Whataburger on Staples on horseback Monday. , Seamless and Uber Eats. A Corpus Christi mom-to-be posed for her maternity pictures at a local Whataburger on Wednesday, June 6, 2018. Whataburger Buffalo Ranch Lineup Available for a Limited Time. Here's a list of Whataburger-themed gift ideas for Father's Day, More: Texas family gives sickened dog a Whataburger party, More: This Texas couple got married inside a Whataburger restaurant. By now we’ve all heard that Whataburger, the San Antonio-based burger chain, is selling the majority stake of its ownership to BDT Capital Partners, a Chicago-based investment firm. BDT Capital Partners, which is based in Chicago, is best known in the restaurant industry for taking ownership of Krispy Kreme and Panera Bread. Today, the company is headquartered in San Antonio and has 828 locations in 10 states with sales of more than $2 billion annually. For example, in 2018 on Technomic’s list of the top 500 largest restaurants in the U.S., Whataburger ranked 31st with $2.4 billion in revenue, which spiked 6%, a testament to its growth. I cover restaurants of all different types and from a variety of vantage points. Madison Rodriguez created a Whataburger-inspired pumpkin. For 20 years, it opted not to pursue franchising and grow by opening only company-owned outlets. Of Whataburger’s 830 retail shops, 703 are company-owned, and 127 are franchised. When BDT Capital Partners made the Whataburger acquisition, its leaders said all the right things. Whataburger got its start in 1950 as a roadside burger stand in Corpus Christie, Texas and was founded by Harmon Dobson. Arianne and Jordan Moore had a wedding ceremony inside a Whataburger restaurant in January 2019. You may opt-out by. A Whataburger mug features flowers in the shape of Texas and a box of fries, a drink and a pie container. Is Whataburger a Franchise Company? Tags Whataburger restaurant Press Release. The founding family will retain a minority ownership. Since 1950, Whataburger has proudly served a bigger, better burger. Chicago-based BDT Capital Partners said Friday it’s agreed to acquire a majority stake in Whataburger. The new majority owner — BDT Capital Partners — is a bank that advises and invests in family and founder-led companies. Whataburger is introducing a new storefront model at several locations. It’s returning for a limited time, and now … Several others in executive positions will move up within the company, according o the news release. Correction: This story was updated on August 14, 2020 to correct Tiffany Hagge’s role at BDT, which is partner, and the spelling of Harmon Dobson’s name. You do not need a Facebook profile to participate. He said the the two companies have synergy, which is the driver behind the merger. Whataburger’s president has already departed his role, though he remains on the board. Now, less than two years and 40,000 likes later, Mahomes is going to get his wish. More: WhataDad! Since 1950, we’ve been serving hot, made-to-order burgers and more with a smile. Terms were not disclosed. BDT will be key in providing strategic vision and long-term growth capital to the tenured Whataburger leadership team. We’re cooking up breakfast, lunch and dinner—from burgers and chicken sandwiches to biscuits and pancakes—to satisfy the heartiest appetites in Malakoff, TX. Fast-food chain Whataburger-- beloved by generations of Texans -- is now the property of a Chicago investment firm. Whataburger Celebrates 70th Anniversary. Preston Atkinson, Whataburger’s president and chief operating officer, and board chairman Tom Dobson will maintain seats on the company’s board of directors and retire from the day-to-day operations of the company. Under its new ownership, in 2020 alone, it expects to open 15 new eateries and 25 are on the boards for 2021. Who Owns the Whataburger Franchise? The bank and Whataburger team will begin exploring expansion plans "while staying true to the brand it has been over the past 69 years," according to a company news release. To keep the revenue flowing during the pandemic, when indoor dining was prohibited in most locations, it offers drive-thru, curbside and delivery options. He emphasized that its 15-person Strategy Council was spearheading its direction, not BDT Capital Partners. Whataburger Grilled Cheese. Typed comments will be lost if you are not logged in. But that’s going to change. HOUSTON — Whatablow: A Texas icon has been Chicago’ed. But Reinstein wonders, “Can you franchise and maintain the same culture of a family-run business?” Even with growth, it must stay focused on “taking care of the guest, the team and the investors,” he adds. Some of its new eateries will be located in Tennessee and Missouri. After a 20-year hiatus, Whataburger is stepping up franchising, redesigning its outlets, despite the hurdles injected by pandemic restrictions. The company was founded by … To find out more about Facebook commenting please read the Conversation Guidelines and FAQs. Kathryn Cargo follows business openings and developments while reporting on impacts of the city government’s decisions. He visited the Ingleside location on Wednesday, April 6, 2016, but has several he visits. But ultimately, its growth will be determined by “franchisee selection. USDA Settles Cases, Expands Food Stamp Benefits For Lowest-Income Households, Olive Garden Parent’s Pay Policies Allegedly Encourage Racial Discrimination And Sexual Harassment, Lawsuit Claims, Direct To Consumer (DTC) Comes Of Age For F & B, 9 Environmentally Friendly Beers You Can Enjoy This Earth Day, Why Raising Cane’s Founder Todd Graves Is Trying To Save Independent Restaurants, How Slice Is Empowering Local Pizzerias In The Digital Age, Reinvented And Ready To Drink: The Wine Cocktail Category Is Exploding. Blake Miller won a snapchat contest with Whataburger for free Whataburger for a decade. What-A-Burger is the trading name used by a small group of restaurants which were established by entrepreneur brothers Jack Branch and Paul E. Branch Jr. and members of the Branch family beginning in 1957 though the first What-A-Burger was opened in 1950. With its new ownership, franchising is a natural step toward growth. However, Kennemur notes that it failed to comply with some state regulations. Texas fans: How do I love thee Whataburger? Financial terms of the deal were not released. (Photo: Whataburger). For more details visit this page to know about their company’s history, retail products, and corporate affairs. Krysta Galitan, a 7-year-old from Falfurrias, Texas dressed up as a Whataburger employee on her school's career day. For example, Tiffany Hagge, a partner at the firm, noted Whataburger’s “family ownership, loyal customers, valuable community involvement, dedicated and talented employees, and a highly experienced management team.”. (Eric Gay/AP 2015) SAN ANTONIO — A Chicago investment firm has purchased a majority stake in Whataburger as … We still use 100% pure beef and serve it on a big, toasted five-inch bun. 29, 2021 – Whataburger’s Buffalo Ranch Chicken Strip Sandwich was a fan favorite when we introduced it in 2015 and again when we brought it back last year. The Dobson family owns Whataburger, a fast food chain with more than 770 locations primarily in southern American states from Arizona to Florida. The founding family will retain a minority ownership. And to this day, the burger rules at Whataburger. Recent news which mentions Whataburger. Larry Reinstein, the Frisco, Texas-based president of LJR Hospitality Ventures, a restaurant consulting firm, said Whataburger was known for many years as “a family-owned, beloved brand, so why franchise?”. Stitch's family celebrates his life with a Whataburger party. How is home delivery changing the landscape of restaurants? Nelson spearheaded its curbside and delivery service and helped develop seven new eateries. A link has been posted to your Facebook feed. In mid-May, Whataburger confirmed it hired Morgan Stanley to help “explore our options,” in terms of fueling expansion. Latest News about Whataburger. Visit our dining area at our Hwy 31 - Malakoff at 102 W Royall Blvd. Let friends in your social network know what you are reading about. Share. But there was one area that it didn’t grow: franchising. BDT … So come on over. Whataburger, the popular burger chain with a 69-year legacy in Texas, has sold a majority interest in the company to Chicago-based investment banking firm … So far, it’s updated one outlet in San Antonio and two more are planned for 2021. WOA owns Whataburger restaurants in Jim Wells, Webb and Bee counties. As news of the Chicago-based company 's majority interest broke, they took to media... 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