Milestone AV is Acquired by Pritzker GroupDecember 12, 2013
Milestone AV, parent company of the Chief, Sanus and Da-Lite brands, has been acquired by Pritzker Group Private Capital, the companies announced Thursday.
Milestone was previously owned by The Duchossois Group. Terms of the transaction were not disclosed.
“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” Tony Pritzker, Pritzker Group Private Capital managing partner, said as part of the announcement.
“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.”