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Chicago Bank acquires majority in Whataburger


Chicago’s BDT Capital Partners has agreed to acquire a majority stake in Whataburger. The burger chain will remain headquartered in San Antonio, and will “begin to explore expansion plans,” according to a statement. Whataburger’s founders, the Dobson family, will keep a minority 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 “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.”

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Posted by on Jun 14 2019. Filed under National news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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