Pritzker Group Private Capital announced that it has acquired Milestone for an undisclosed price from The Duchossois Group, which will retain a significant interest in the business and continue to have representatives serve on the board of directors.
Milestone designs, markets and distributes mounting equipment and display solutions for the audiovisual and digital signage markets. Its consumer and commercial products are sold principally under the Chief, Da-Lite and Sanus brands. Milestone serves more than 5,000 global customers, including professional AV dealers, regional home theater dealers, consumer electronics retailers, mass merchants and original equipment manufacturers. The company maintains global operations with offices in the U.S., Europe and China.
"Our acquisition of Milestone demonstrates Pritzker Group Private Capital's strategy of investing in clear market leaders with excellent management teams. We are well aligned with the Duchossois family in the view that our permanent, proprietary capital base allows our management teams to build great businesses over the long term" said Tony Pritzker, managing partner of Pritzker Group Private Capital, Chicago. "Together with the Milestone management team, we have a clear path forward that continues the company's long history of new product innovation, international growth and add-on acquisitions."
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