Vaddio added to leading portfolio of branded audio-visual products
Eden Prairie, MN, April 4, 2016 — Milestone AV Technologies today announced that it has acquired Vaddio, a leading global manufacturer of PTZ cameras, professional AV solutions and a full suite of Unified Communication and Collaboration products for the audiovisual, videoconference and broadcast markets.
Vaddio, based in Minnetonka, Minnesota, was purchased by Milestone for an undisclosed amount, and will now join the Milestone family of brands including Chief®, Da-lite®, SANUS® and Projecta®. Milestone is majority owned by the Pritzker Group, alongside management and Duchossois Capital Management.
"Adding Vaddio to our leading portfolio of commercial and consumer AV brands gives us the opportunity to deliver even greater value to our combined dealer base," said Scott Gill, CEO of Milestone AV Technologies. "We are excited to further expand our product and service offerings. Vaddio and Milestone share not just a heritage of successful growth in Minnesota - the businesses both focus on making technology work for our customers with an unrivaled combination of installer-focused innovation supported by exceptional service."
"We are very excited to have the Vaddio team join Milestone and continue delivering innovative products to the market," added Gill. Vaddio will continue to be based in its current Minnetonka, Minnesota location.
J.B. Pritzker, Pritzker Group managing partner, added, "Pritzker Group acquired Milestone because of its great team, industry leading brands and exceptional focus on customers and innovation. The acquisition of Vaddio represents a continued commitment to investing for the long-term behind the innovation and service that have made both companies a key partner to their customers."
About Milestone AV Technologies
Milestone AV Technologies is a leading provider of branded audio-visual mounting equipment, projection screens and related display solutions for both the consumer and the commercial markets. Milestone's innovative products, sold principally under the Chief®, Da-lite®, SANUS® and Projecta® brands, are sold through numerous channels, including Pro AV dealers, home theater dealers, consumer electronics retailers, mass merchants and original equipment manufacturers. Headquartered in Eden Prairie, Minnesota, the Company serves a broad base of over 5,000 global customers. For more information, visit milestone.com.
Vaddio is the premier global manufacturer of PTZ cameras, professional AV solutions and a full suite of Unified Communication and Collaboration products for the audiovisual, videoconference and broadcast marketplaces. Combining enterprise-class performance and industry-leading support with system-configured design for simplicity of installation and operation, Vaddio products enhance any AV experience by elevating the science of communication with the Art of Easy. For more information, visit vaddio.com.
About Pritzker Group
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. The firm's permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.
About Duchossois Capital Management
Duchossois Capital Management (DCM) is a private investment firm owned by the Duchossois family. DCM invests across various stages of a company's development from growth stage to later stage, utilizing its unique form of capital to make investments in public and private companies and private investment funds, and to partner with funds and other families in co-investment opportunities. For more information, visit dcmllc.com.