The majority stake in the Texas-based burger chain Whataburger was just sold and the new owners have a massive expansion in their sights. BDT Capital Partners, a Chicago-based investment bank, just closed the deal on 800 company-owned locations and said in a statement it will immediately begin working on plans to grow.

In the statement to FOX4 in Dallas, the new majority stakeholders publicly admired the family-run business.

 

“We’re excited about the partnership with BDT because they respect and admire the brand we’ve built,” said Whataburger President/CEO Preston Atkinson. “They want to preserve it while they help us continue growing a sustainable, competitive business over a long period of time.”

There are three Acadiana locations on University Avenue near I-10, Pinhook at Kaliste Saloom and Ambassador Caffery near Ridge Road. Whataburger will remain headquartered in San Antonio, Texas.