Pritzker Group Private Capital has announced its acquisition of Milestone AV Technologies for an undisclosed sum.
Previous owners The Duchossois Group 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 AV market through principal brands Chief, Da-Lite and Sanus. The company serves more than 5,000 global customers with offices in US, 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.”
Scott Gill, Milestone chief executive officer, added: “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. 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.”
