Originally Posted by
eddiememphis
The ownership of Whattaburger is interesting.
A long time (est. 1950) Texas based business, it was sold to Chicago private equity firm, BDT Capital in 2019 for $1.4 billion. The guy Behind BDT, Byron Trott, was a Goldman Sachs guy for years and is tight with Warren Buffet. BDT has stakes in Flying J and Weber BBQs, and manages $6 to $9 billion in funds depending on the sources I have read.
When you look up BDT, it jumps to GBL, a +/- $20B Belgian holding company that is publicly traded. They tout "We recognize the importance of finding the right balance between our need to seek financial returns, with the imperative to preserve the integrity of our planet and the health of the people and society who inhabit it."
They have $130 million invested in BDT and claim $24 million in distributions with no timeline mentioned.
I dug into it hoping to find something nefarious but it looks like a bunch of smart guys capitalizing on a profitable business, generating wealth for their investors.
But what do I know? I'm just a cook.