Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis (www.tscp.com), today announced the sale of Vaddio to Eden Prairie, Minnesota-based Milestone AV Technologies (Milestone). Backed by Pritzker Group, Milestone is a leading global provider of innovative mounting and display solutions for various audiovisual technologies. Terms of the deal were not disclosed.
Vaddio is a leading developer and manufacturer of advanced robotic pan-tilt-zoom (PTZ) cameras and a full suite of Unified Communication and Collaboration products for the professional audiovisual markets. Applications include videoconferencing, broadcasting, education lecture capture and distance learning, and government access.
Said Matt Scherrer, TSCP Managing Director, “Throughout our partnership with Vaddio, we’ve helped them build upon their previous successes – working with them to introduce key new products to the marketplace, grow their domestic and international sales force, expand their product development capabilities and increase their presence in the industry. There’s no doubt in my mind that their success will continue.”
Added Jim Cooper, TSCP Managing Partner, “Vaddio has been a very successful partnership for us. It allowed us the opportunity to combine forces with this well-managed, energetic company. Over the past five years, we’ve supported Vaddio with a variety of initiatives designed to further stimulate the company’s growth. I’m happy to say those initiatives were successful, and we’re confident that Vaddio is well-positioned to succeed in this new undertaking.”
BlackArch Partners and Sidley Austin, LLP advised the company through this transaction.