Walker Edison received a significant minority equity investment from Blackstone
The company’s founders, Brad Bonham and Matt Davis, and controlling investor, Prospect Hill Growth Partners, maintain a majority stake.
Brad Bonham, Co-founder and Chief Executive Officer of Walker Edison, commented, “For many years, Lincoln has been a highly valued advisor to Walker Edison, starting with the process that led to our continuing partnership with Prospect Hill. Lincoln’s leadership in this transaction led to an exceptional outcome. We look forward to continuing the execution of our strategic growth plan with the support of our additional partners at Blackstone.”
Lincoln served as an advisor to Prospect Hill and Walker Edison, working closely with the company’s management team and shareholders throughout the marketing, due diligence and negotiation processes.
Chris Stradling, Managing Director at Lincoln, shared, “We congratulate the management team at Walker Edison, Prospect Hill and Blackstone on the formation of this great partnership. We are pleased to have been part of another very significant capital event for the company and its shareholders and are confident this combination of resources and expertise will continue to drive very high growth and value creation.”
About Walker Edison
Founded in 2006 and headquartered in Salt Lake City, Utah, Walker Edison is a leading supplier of innovative, affordable home furnishings to global e-commerce platforms. The company’s data-driven decision-making capabilities, differentiated sourcing and distribution platform and unmatched expertise partnering with e-commerce marketplaces, including Amazon, Wayfair and others, have been key to its explosive growth. For more information, please visit www.walkeredison.com.
Blackstone is one of the world’s leading investment firms. With $584 billion in assets under management, Blackstone invests across private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. For more information, please visit www.blackstone.com.
About Tactical Opportunities
Tactical Opportunities is Blackstone’s opportunistic investment platform. The team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.
About Prospect Hill
Prospect Hill is a private equity firm in Boston, Massachusetts, that makes control equity investments of between $25 million and $100 million in North American consumer and healthcare growth companies. The partners of Prospect Hill have invested $2.8 billion of capital in 37 portfolio companies while working together over the last two decades. For more information, please visit www.prospecthillgrowth.com.
Lincoln’s deep understanding of Walker Edison’s business model and their strong relationships with the best investors in the sector are critical factors that drove a highly successful outcome.
Meet our Senior Team
I have a hands-on approach and bring energy, creativity and passion to every client transaction.
View More Transactions in Consumer
Lincoln International advised Green Mobility Holding, a portfolio company of Rivean Capital and Deutsche Private Equity, on the acquisition of o2o Bicycle Leasing
Lincoln International advised Perfection Pet Foods on its agreement to be sold to Post Holdings
Lincoln International advised Verdane on its agreement to sell Spares Europe to Clas Ohlson
Lincoln International advised Bluegem Capital Partners on its sale of The Private Clinic to The Quadrivio Group
Lincoln International advised Galileo Lebensmittel Group on its sale to Dr. August Oetker Nahrungsmittel KG
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.