Walter Capital Partners Invests in a Leading Canadian School Photography Company
Raymond Chabot Grant Thornton advises Edge Imaging Inc. (“Edge”) on its sale to Walter Capital Partners (“Walter”).
Founded in 2005 and based in Burlington, Ontario, Edge is the largest Canadian-owned school photography company and the partner of choice for thousands of schools, having photographed over 10 million students since its inception. The company quickly established itself as a leader in this niche market for delivering very high-quality products with short lead-times. At the height of its business cycle, Edge currently employs over 400 people in Ontario and British Columbia.
Edge is a fully vertically integrated company which prides itself in delivering exceptional photography products as well as a great customer experience and leads the industry when it comes to privacy and security. Edge’s main target markets are elementary and high schools, and it also offers its services to colleges, universities and sports teams. Today, the Edge brand is recognized for consistently delivering high-quality products and offering a superior customer experience.
“This is an exciting new phase for Edge Imaging,” states Dave Pond, President Emeritus. “Raymond Chabot Grant Thornton has done an exceptional job of aligning Edge with a family office private equity fund, Walter Capital Partners, who are committed financially and through their expertise to growing Edge into a truly national brand.”
‘’Working with Mark Rossi and his team at Raymond Chabot Grant Thornton was a seamless process from beginning to end. They worked efficiently to quickly gain the necessary knowledge about our niche industry to put forward an attractive business investment case,’’ says Dan Boudreau, the newly appointed CEO of Edge Imaging. ‘’By being thoroughly prepared, the firm went to market with a very robust approach, which resulted in a selection of equity partners that was balanced and aligned with our business objectives. The team saw the deal through to the end and continued to provide ongoing support that exceeded all expectations.’’
Raymond Chabot Grant Thornton acted as exclusive financial advisor to Edge Imaging.
“We are very enthusiastic to partner with Edge Imaging and to share our capital and expertise to support their growth ambitions,” states Sam Ramadori, Managing Partner of Walter Capital Partners. “With the extensive work done by RCGT’s team in developing the opportunity and bringing together parties that share the same vision of Edge Imaging’s future potential, we are now in a position to put all the ingredients in place to replicate the successes we have had with the other companies in our portfolio.”
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,500 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 50,000 people in over 135 countries.