Canadian private equity firm Walter Capital Partners has acquired a majority stake in Edge Imaging, a Burlington, Ontario-based school and sports photography provider.
No financial terms were disclosed.
Dan Boudreau, a school photography industry executive, has been appointed CEO of the company, replacing Dave Pond, who will stay on as president and serve on the board.
Walter Managing Partner Sam Ramadori said his firm will help accelerate Edge Imaging’s national growth strategy.
Edge Imaging is the first Ontario platform investment of Montréal-based Walter, an affiliate of Canadian family office Walter Group of Cos.
Walter Capital Partners Invests in Leading Ontario-Based School Photography Company
Injection of focused capital and expertise will accelerate Edge Imaging’s growth into a leading national school photography company
BURLINGTON, ON and MONTREAL, Oct. 31, 2018 /CNW/ – Edge Imaging and Walter Capital Partners are pleased to announce a significant investment to accelerate the growth of the largest Canadian owned school photography company headquartered in Burlington, Ontario into a truly national brand.
“We are very enthusiastic to partner with Edge Imaging to share our capital and expertise to foster their growth,” states Managing Partner Sam Ramadori of Walter Capital Partners. “For this new investment, we have found a senior leadership team who shares our values and vision for the future potential of school photography. Together, we will put all the ingredients in place to replicate the successes we have had with the companies in our portfolio.”
“The future of school photography is bright, and we couldn’t be happier to move Edge forward with Walter Capital Partners,” shares Dave Pond, President and CEO of Edge Imaging. “It was very important for us to join forces with a like-minded investment partner who is just as committed as we are to both the growth of the company and the team that helped us achieve the success we’ve had to date. Along with the monetary investment, the knowledge and expertise that Walter Capital Partners brings will allow us to invest in the right equipment, technology and people to accelerate our growth plan.”
Moving forward, Dave Pond will maintain his position as President of Edge Imaging wherein he will focus on strategic initiatives as well as sit on the Board of Directors. Dan Boudreau, a Senior Executive with over 25 years of experience in the school photography industry, has been appointed as Chief Executive Officer of Edge Imaging. Mr. Boudreau will be working in partnership with Mr. Pond to drive success as Edge Imaging expands across Canada.
About Edge Imaging
Based in Burlington, Ontario Edge Imaging is the largest Canadian owned school photography company. In business since 2005, the fully vertically integrated company prides itself in delivering exceptional photography products, a great customer experience and leading the industry when it comes to the privacy and security. At the height of its business cycle, Edge Imaging employs over 400 people in Ontario and British Columbia.
About Walter Capital Partners
Walter Capital Partners (Walter Capital) is a private equity firm and part of Walter Financial and the Walter Group of Companies. Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth. Drawing on the entrepreneurial values of the Walter Group and the business leadership experience of its Managing Partners, Walter Capital offers solutions that are above and beyond purely financial transactions. Headquartered in Montreal, Walter Capital provides a solid international network.
For further information: or to arrange an interview contact: Erin Bell, Marketing Communications Manager, Edge Imaging, Mobile: 905 630 2337, firstname.lastname@example.org; Jordan Moore, Marketing Communications Director, Edge Imaging, Mobile: 905 928 9851, email@example.com