AV Tech Giant Milestone Changes Hands; Acquired By Private Capital Group
December 12, 2013 by Dave Haynes
Milestone AV Technologies – the Minneapolis-are company that markets AV brands like Chief, Da-Lite and Sanus, has been acquired by Pritzker Group Private Capital.
Milestone was purchased for an undisclosed price from The Duchossois Group, which will keep “a significant interest in the business and continue to have representatives serve on the board of directors.”
“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.”