While Texans are mourning the sale of their beloved, iconic 24/7 burger institution, we here in Tallahassee are grieving as well.
On May 21, the Tallahassee Democrat ran a story about the Texas-based chain Whataburger hiring Morgan Stanley to look at options for expansion and the possible sale of a “minority stake” in the company. Fast forward only a couple of weeks, and a Chicago-based private equity firm named BDT Capital Partners has in fact purchased a majority stake in the company, and is already reshaping Whataburger’s future.
The news caught my attention when an article ran in the New York Times claiming Texans were not just up in arms about the sale, they were practically grabbing their firearms in protest.
Read the full article by Fincher Smith, originally appeared in the Tallahassee Democrat. Link.