Vaddio (www.vaddio.com) is a Minneapolis, Minnesota-based developer, manufacturer and value-added distributor of pan-tilt-zoom robotic video camera systems and related products used in education lecture capture and distance learning, videoconferencing, government access, broadcasting and other professional audiovisual (“Pro-AV”) applications. The company markets and sells its products globally to over 1,400 Pro-AV dealer integrators.
The global Pro-AV industry is a large and growing $68+ billion industry. The Pro-AV industry has been influenced by a number of favorable dynamics, including the convergence of audiovisual technologies with IT and security, and the proliferation of videoconferencing technology across multiple end markets. Vaddio is the only North American manufacturer of pan-tilt-zoom cameras and camera control systems sold into the Pro-AV market and has won numerous awards for its innovative products.
Prestwick Partners initiated this transaction and acted as exclusive financial advisor to Vaddio and its shareholders. Prestwick Partners designed an M&A process, prepared marketing materials, evaluated acquisition proposals and negotiated the transaction with Thompson Street Capital Partners, a St. Louis, Missouri-based private equity firm. Prestwick’s process included both domestic and international strategic acquirers as well as private equity groups.