Caltius Mezzanine Provides Junior Capital Financing to Walker Edison Furniture Company, LLC
November 8, 2016
Caltius Mezzanine is pleased to announce the recent closing of a mezzanine debt and significant minority equity investment in Walker Edison Furniture Company LLC (“Walker Edison”) as part of a transaction that facilitated the management buy-out of an inactive partner.
Walker Edison is an innovative ready to assemble furniture manufacturer based in Salt Lake City, Utah. Walker Edison was established in 2006 with a vision to provide high quality stylish furniture, which enables customers to break away from the standard mold and “Live Outside The Box”. Walker Edison offers a wide range of furniture, including home entertainment, home office, casual dining, occasional, outdoor living, and youth bedroom. These products are sold through a variety of e-commerce and traditional retailers, allowing consumers the flexibility to shop their favorite sites and stores.
“We are pleased to partner with the Caltius team. Caltius worked hard to quickly understand our business and the market opportunity we see. We needed to close our transaction in a short time frame and Caltius delivered an effective capital solution in a timely manner,” noted Brad Bonham, CEO and Founder of Walker Edison. “We look forward to working with Caltius and their network of relevant resources as we continue to grow Walker Edison.”
“Walker Edison has an innovative, energetic and focused management team. The Company’s products, service and value proposition to consumers is first class,” stated Gavin Bates, Managing Director of Caltius. “This investment reflects Caltius’ continued commitment t8o the consumer products vertical. We are excited to partner with management in their plans to continue to grow Walker Edison.”
For over 19 years, Caltius Mezzanine has been providing innovative capital solutions to small and mid-sized companies throughout North America, deploying more than $1.0 billion of junior capital. For more information about our investment criteria, portfolio, and our team, please visit www.caltiusmezzanine.com or call us at (310) 996-9585.