Pritzker Group has added a leading AV company to its portfolio with its acquisition of Milestone AV Technolgies Inc. Milestone was formed in 2004 and is home to the Chief, Sanus, and Da-Lite brands. Manufacturing everything from projector screens to speaker wall mounts and more, Milestone AV produces all types of commercial and consumer AV mounting solutions.
From Pritzker Group
Pritzker Group Private Capital today announced that it acquired a leading global designer, marketer and distributor of branded audio-visual products for consumer and commercial use.
Milestone was purchased 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 audio-visual market. 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, Pritzker Group Private Capital managing partner. “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.”
“Our two families have enjoyed both a personal and business relationship for over 40 years,” said Craig Duchossois, CEO of The Duchossois Group. “We look forward to our next generation of partnership. This transaction is representative of the types of opportunities that will be pursued by Duchossois Capital Management, the company we recently formed to manage our family’s strategic investments.”
“Our partnership with Pritzker Group Private Capital and Duchossois will launch Milestone into its next phase of growth, providing resources to help us meet the evolving needs of our customers,” said Scott Gill, Milestone chief executive officer. “The resources and experience of both organizations will drive our continued investment behind the innovative products, exceptional service and operational excellence that make a difference for our customers.”
By Staff, HomeTheaterReview