J.W. Childs Acquires Walker Edison

Private equity firm J.W. Childs Associates has acquired mass-market furniture producer Walker Edison from founders Brad Bonham and Matt Davis, and Caltius Structured Capital.

Bonham and Davis retain a significant ownership stake in the business, Childs noted.

The firm’s role in the company’s business, Childs stated, will focus on adding operational and financial expertise to the existing board of directors, which includes Bonham, Davis and enVista CEO Jim Barnes. Phil Damiano, Childs’ operating partner, becomes non-executive Walker Edison chairman while Ken Murphy, CEO of Childs portfolio company EbLens and former CEO of Mattress Firm, Childs partner David Fiorentino, managing partner Adam Suttin, and vp Kyle Casella join the board.

“We are very excited about our new partnership with J.W. Childs, whose operational expertise will allow us to enhance our leading market position and accelerate growth in existing and new categories,” said Brad Bonham, Walker Edison CEO. “Caltius was the right partner for us over the past two years, helping us achieve tremendous growth.”

Fiorentino added, “Walker Edison has developed an impressive data-driven, design, sourcing and logistics operation, which allows for integrated partnerships with rapidly growing customers. We are thrilled to work with management to accelerate growth and explore new opportunities.”