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.”
Milestone AV Technologies
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.