Vaddio joins Milestone AV brand portfolio6 April 2016
Milestone AV Technologies has acquired Vaddio for an undisclosed amount with the company joining Chief, Da-lite and Projecta in the Milestone brand portfolio. Milestone itself is majority owned by the Pritzker Group, alongside management and Duchossois Capital Management.
Vaddio is based in Minnesota (and will continue to be following the acquisition) and manufactures PTZ cameras, unified communication and collaboration products for AV, videoconferencing and broadcast markets.
“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 unrivalled 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.”