Adrian J Cotterill, Editor-in-Chief
Milestone AV Technologies this week announced that it has acquired Vaddio, a 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.
Scott Gill, CEO of Milestone AV Technologies said “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. 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.”
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 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
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