Milestone AV Technologies Inc. (f.k.a. CSAV Holding Corp.), a Savage, Minn.-based maker of audio-visual mounting equipment and display solutions, has set its IPO terms to 12 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $542 million, where it to price at the high end of its range. The company plans to trade on the NYSE, with Wachovia Securities and Piper Jaffray serving as co-lead underwriters.
Friedman Fleischer & Lowe led a 2003 buyout of Milestone, and currently stands as majority owner. Other shareholders include Fulham Investors and Performance Equity Management. www.chiefmfg.com