Whataburger hires Morgan Stanley to explore expanding operations

Whataburger corporate communications confirms it has hired Morgan Stanley to explore expanding its operations.

Whataburger says, “Our company is growing and is always attractive to investors, and we’ve brought in Morgan Stanley to help us explore our options. We have always evaluated the opportunities that can accelerate growth and maintain the success of our brand, and we will continue to do so in the future.”

Earlier in May, Reuters reported that Whataburger is exploring options that could include “selling minority stake to a financial investor or private equity firm.”

Whataburger opened in 1950 in Corpus Christi and is now headquartered in San Antonio.