Consumer
Meridian Capital Advises Pioneer Square Brands on its Acquisition of VAULT
Published April 6, 2023
SEATTLE – April 6, 2023 – Meridian Capital LLC (“Meridian”), a leading Seattle-based middle-market investment bank and M&A advisory firm, is pleased to announce that its client, Pioneer Square Brands (“PSB”), has completed the acquisition of VAULT, a leading manufacturer of mobile device enclosure solutions, mobile payment solutions, and high-quality kiosks for enterprise customers. Meridian served as the exclusive financial advisor to PSB on the transaction.
Pioneer Square Brands designs and markets premium mobile technology cases and bags sold primarily to the K-12 education market. PSB’s best-in-class protection products include molded and non-molded cases for tablets and laptops, bags, keyboards, headphones, and other technology accessories.
Together, PSB and VAULT have one of the most robust and flexible cable-free iPhone and iPad fleet management platforms in the industry with Brenthaven+ and VAULT’s CONNECT Next Generation product range. This powerful hardware platform will allow customers to manage Apple devices without the hassle of charging cables. VAULT’s expertise in designing and manufacturing kiosks and mobile device enclosures for various commercial industries will complement Pioneer Square Brand’s existing offerings and provide new opportunities for growth.
Mike Ferren, President and CEO of Pioneer Square Brands, said, “The acquisition of VAULT is an exciting expansion into an adjacent category for PSB. We believe the combination will continue to bring a comprehensive solution to our customers across the mobile device protection and point-of-sale experiences.”
Brian Murphy, President and Managing Director at Meridian added, “It was a pleasure to work with Mike and the PSB management team once again. PSB has experienced tremendous growth and built a differentiated position in the K-12 market over the past two decades. The Company’s new partnership with VAULT provides an exciting entry into a new category and uniquely positions the business for accelerated growth into new markets including retail, restaurants, manufacturing, and healthcare.”
ABOUT PIONEER SQUARE BRANDS
Pioneer Square Brands designs and markets premium mobile technology cases and bags sold primarily to the K-12 education market. They sell their patented products through two brands, Gumdrop and Brenthaven, and operate a case protection and certification platform, TechShell. Pioneer Square Brands is headquartered in Seattle, WA with a second location in Manila.
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
