Legrand to Acquire Milestone AV Technologies - AvNetwork.com

Legrand to Acquire Milestone AV Technologies

Author:
Publish date:
Image placeholder title

 Legrand, North and Central America today announced that it has signed a definitive agreement to acquire Milestone AV Technologies, a designer and manufacturer of branded AV products such as Chief, Sanus, and Da-Lite, including flat panel mounting solutions, projector mounts, projection screens, PTZ cameras, equipment racks, and AV furniture for both the consumer and commercial AV markets. The completion of the transaction is subject to customary closing conditions, including termination or expiration of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act.

“Legrand is committed to serving the professionally installed AV industry, which is an attractive growth area driven by the advancement and expansion of video applications,” said John Selldorff, president and CEO of Legrand, North and Central America. “The combination of Milestone’s display mounting, projection screen, and content capture technologies with Legrand’s strong offering in enclosures, power, furniture, connectivity, and cable management, will greatly enhance Legrand’s position in the industry—in both the commercial and consumer segments—and make us a more significant AV infrastructure supplier to our customers and channel partners.”

Once the transaction closes, the plan is for Milestone and Legrand’s Middle Atlantic business to come together under the AV Division of Legrand. Both the Milestone product lines and Middle Atlantic product lines will continue to remain in the market place, establishing an offering that can be expanded to serve AV customers globally.

“Legrand and Milestone are recognized for solving customer challenges with innovative products and delivering exceptional customer experiences,” said Scott Gill, CEO of Milestone. “Bringing together Milestone and Middle Atlantic under Legrand will allow us to offer an expanded range of highly complementary AV brands to our customers while leveraging combined best practices to deliver continued innovation.”

Related

Milestone’s Minnesota Operations Center to Open in June promo image

Milestone AV Technologies Acquires Vaddio

Milestone AV Technologies today announced that it has acquired the manufacturer of PTZ cameras, professional AV solutions, and a full suite of unified communication and collaboration products for the audiovisual, videoconference, and broadcast markets.

Legrand to Acquire Middle Atlantic Products promo image

Legrand to Acquire Middle Atlantic Products

West Hartford, CT-- Legrand, North America has signed a definitive agreement to acquire Middle Atlantic Products .     The completion of the transaction is anticipated for mid-June and is subject to the satisfaction of certain requirements, including regulatory approval. Prior

Duchossois Group Acquires Milestone AV Technologies

The Duchossois Group has announced that it has acquired Milestone AV Technologies ("Milestone"), a North American producer of mounting solutions sold principally under the Chief and Sanus Systems brand names, from private equity investors led by Friedman Fleischer & Lowe. Terms of the all-cash acquisition were not disclosed. With a history of predecessor company growth that spans 30 years, Milestone was formed in 2004 through the combination of two leading mounting solutions companies: Sanus Systems and Chief Manufacturing. The Company today counts among its customers the majority of Consumer Electronics retailers in the U.S. and is also the leading provider of mounting solutions to professional AV dealers and system integrators. The Company is headquartered in Minnesota and has approximately 400 employees worldwide. Milestone will operate as a wholly-owned affiliate of the Duchossois Group and Scott Gill will continue in his role a

Legrand Acquires Luxul Wireless promo image

Legrand Acquires Luxul Wireless

Legrand has signed a definitive agreement to acquire Luxul Wireless, the networking provider for professionally installed, custom integration systems for residential and small-to-medium business (SMB) markets.