West Jordan — Walker Edison, a leading supplier of furniture with an exclusive focus on the e-commerce channel, announced today that funds managed by Blackstone Tactical Opportunities (NYSE: BX; “Blackstone”) have made a  significant minority investment in the Company. The Company’s  Founders, Brad Bonham and Matt Davis, and controlling investor, Prospect Hill Growth Partners maintain a majority stake. 

Walker Edison designs and supplies affordable ready-to-assemble furniture. Their extensive logistical network and data-driven business model provide an end-to-end solution to leading global e-commerce platforms – allowing their partners to seamlessly offer a wide variety of products with fast shipping to consumers. 

Brad Bonham, co-founder and CEO of Walker Edison says,  “We’ve made tremendous progress since partnering with Prospect Hill Growth Partners in 2018. Adding Blackstone as a  partner alongside Prospect Hill is an exciting step in our evolution  as a data-centric e-commerce enabler. Our hyper-growth has  been driven by our pivot to data, and we believe that growth will  only accelerate by partnering with Blackstone’s unique offerings  in data science, logistics, and supply chain as we continue to  expand across the globe.” 

Jasvinder Khaira, a senior managing director at Blackstone says,  “Walker Edison is a pioneer in its sector and trusted partner to  many of the world’s leading e-commerce platforms. The  continued shift toward online purchasing and strengthening  consumer recovery are two of Blackstone’s highest conviction  investment themes – and the company is poised for significant  further expansion. We are excited to work with their first-class  management team to help further accelerate their growth in the  years ahead.” 

Ann Chung, a managing director at Blackstone says, “Walker  Edison’s combination of scale, technology, and product offerings have made it a leader in the fast-growing online furniture industry. We believe their business is well positioned to benefit  from strong tailwinds moving forward as e-commerce adoption  continues to rise – particularly among younger furniture customers.” 

David Fiorentino, a partner at Prospect Hill Growth Partners says:  “We continue to believe strongly in the value proposition of  Walker Edison as a data-driven, e-commerce enablement solution. We are excited to continue our partnership with the founders, Brad and Matt, and welcome Blackstone’s expertise in  e-commerce as we continue to build a category-leading company across the globe.” 

Terms of the transaction were not disclosed. Ropes & Gray served as legal advisor and Goldman, Sachs & Co. and Lincoln  International, LLC served as financial advisors to Walker Edison.  Simpson Thacher Bartlett served as legal advisor to Blackstone. 

About Walker Edison 

Since its establishment in 2006, Walker Edison has become a  leading partner and drop-ship solution for the biggest names in e-commerce. Driven by data, they strive to cultivate a culture that inspires customers to Live Outside the Box™ with innovative furniture. Walker Edison is a global organization with operations in Brazil, Asia, the UK, and Germany. To learn more visit  www.walkeredison.com. Follow Walker Edison on Instagram  @WalkerEdisonCo.  

About Blackstone 

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion  in assets under management include investment vehicles focused  on 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. Further information is available at www.blackstone.com. Follow  Blackstone on Twitter @Blackstone. 

Blackstone Tactical Opportunities 

Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries, and geographies, seeking to identify and execute attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions. 

About Prospect Hill Growth Partners 

Prospect Hill Growth Partners is a Boston-area private equity firm that makes equity investments of up to $100 million in North  American consumer and healthcare growth companies. The partners of Prospect Hill Growth Partners have invested $2.8  billion of capital in 37 portfolio companies while working together over the last two decades. The partners’ successful investment track record has been built on a sector-focused strategy, a robust operational value-add model, and a strong alignment of interests.  For more: www.prospecthillgrowth.com.