Savage, Minn. — Milestone AV Technologies, the maker of flat-panel and home theater mounting solutions under the Chief and Sanus brands has been acquired by The Duchossois Group. Terms of the all-cash acquisition were not disclosed.
Milestone was owned by a group of private equity investors led by Friedman Fleischer & Lowe, based here. Milestone was formed in 2004 when the two leading mounting solutions companies at the time, Chief Manufacturing and Sanus Systems, were merged.
Milestone will operate as a wholly-owned affiliate of Duchossois and Scott Gill will continue in his role as CEO. Milestone has approximately 400 employees worldwide.
Milestone is a natural fit for Duchossois’ portfolio of custom A/V brands, among them systems integration supplier AMX, and Actiontec and Freeplug, suppliers of networking solutions.