International. Milestone AV Technologies announced that it has acquired Vaddio, a manufacturer of PTZ cameras, professional AV solutions and a full suite of unified communications and collaboration products for the audiovisual, video conferencing and broadcast markets.
Minnetonka, Minnesota-based Vaddio 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, together with the management of Duchossois Capital Management.
"The addition of Vaddio to our portfolio of commercial and consumer AV brands gives us the opportunity to deliver greater value to our combined distributor base," said Scott Gill, CEO of Milestone AV Technologies. "We are excited to further expand our product and service offerings. Vaddio and Milestone not only share a heritage of successful growth in Minnesota, both' business is focused on making the technology work for our customers with an unparalleled combination of installer-centric innovation, supported by exceptional service."
J.B. Pritzker, Managing Partner of the Pritzker Group, 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 an ongoing commitment to the long-term investment behind the innovation and service that have made both companies a key partner for their customers."
