The Duchossois Group has acquired Milestone AV Technologies, manufacturer of mounting solutions sold principally under the Chief and Sanus Systems brands. Terms of the all-cash acquisition were not disclosed.
“Milestone possesses all the criteria we look for in an operating platform -- the most innovative and highest quality products sold into growth markets, leading brand names and, above all, an exceptional management team,” Robert Fealy, Executive Vice President of Duchossois, said in a statement. “It is a great fit with our AMX, Chamberlain and Heath-Zenith businesses."
Milestone is headquartered in Minnesota and has approximately 400 employees worldwide. The company will operate as a wholly-owned affiliate of the Duchossois Group and Scott Gill will continue in his role as Chief Executive Officer of the company.
For more information, visit www.duch.com.
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