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Duchossois Group Acquires Milestone AV Technologies, Adding Leading Brands in Consumer and Commercial Mounting Solutions for Audio-Visual Products

May 16th, 2008

Leading producer of consumer and commercial mounting solutions, Milestone, joins the Duchossois Group to provide innovative and high quality audio-visual products.

Savage, MN — May 16, 2008 — The Duchossois Group announced today that it has acquired Milestone AV Technologies (”Milestone”), North America’s leading 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.

“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,” stated Robert Fealy, Executive Vice President of Duchossois. “It is a great fit with our AMX, Chamberlain and Heath-Zenith businesses,” he added.

“I speak for our entire team in saying that we are absolutely delighted to join the Duchossois Group of companies,” said Scott Gill, Chief Executive Officer of Milestone. “We share much in common with our new sister companies, each of which is the leader in its respective markets. That Duchossois was willing to undertake this transaction in the face of uncertain economic times speaks volumes about their confidence in our ability to grow the business through the world-class products and the high levels of service we provide to our customers around the world.”


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