SEATTLE – April 6, 2023 – Pioneer Square Brands, a Seattle-based leader in mobile technology protection for the education sector, has announced the acquisition of VAULT, a prominent manufacturer specializing in mobile device enclosure and kiosk solutions. Meridian Capital LLC, a leading middle-market investment bank in Seattle, acted as the exclusive financial advisor to Pioneer Square Brands in this strategic transaction.
Pioneer Square Brands, known for its premium designs and marketing of mobile technology cases and bags, primarily serves the K-12 education market. Their product portfolio includes robust protection solutions like molded and non-molded cases for tablets and laptops, alongside essential accessories such as bags, keyboards, and headphones.
The integration of VAULT positions Pioneer Square Brands to offer an unparalleled cable-free device management platform. By combining Brenthaven+ with VAULT’s CONNECT Next Generation product range, customers will benefit from a streamlined approach to managing Apple devices, eliminating the complexities of charging cables. VAULT’s established expertise in developing kiosks and enclosures for diverse commercial sectors perfectly complements Pioneer Square Brands’ existing product line, opening doors to significant expansion opportunities.
Brian Murphy Headshot Meridian Capital – Managing Director Pioneer Square Brands Deal
Mike Ferren, President and CEO of Pioneer Square Brands, commented on the acquisition, stating, “The addition of VAULT represents an exciting strategic expansion for Pioneer Square Brands into adjacent markets. We are confident that this combination will deliver comprehensive solutions to our customer base, enhancing both mobile device protection and point-of-sale experiences.”
Brian Murphy, President and Managing Director at Meridian Capital, added, “It has been a privilege to collaborate with Mike and the Pioneer Square Brands management team once again. Pioneer Square Brands has demonstrated remarkable growth, establishing a leading position within the K-12 market over the past two decades. This new partnership with VAULT marks an exciting entry into new categories, uniquely positioning the company for accelerated growth across diverse sectors, including retail, restaurants, manufacturing, and healthcare.”
Benton Sturt Director at Meridian Capital – Pioneer Square Brands Advisor
About Pioneer Square Brands
Pioneer Square Brands is dedicated to designing and marketing high-quality mobile technology cases and bags, primarily for the K-12 education sector. The company markets its patented products under the recognized brands Gumdrop and Brenthaven, and also operates TechShell, a platform focused on case protection and certification. Headquartered in Seattle, WA, Pioneer Square Brands also maintains operations in Manila.
For further information, please contact:
Brian Murphy
CEO, Managing Director
[email protected]
2062246156
Benton Sturt
Director
[email protected]
2062246159
About Meridian Capital
Meridian Capital LLC is a top-tier independent middle market M&A advisory firm with offices in Seattle, Salt Lake City, the Bay Area, and Portland. For over 29 years, Meridian has served as a trusted advisor to business owners, providing expertise in complex corporate finance, M&A, and strategic challenges. The firm distinguishes itself through in-depth industry knowledge, a tailored service approach, and a commitment to seamless execution. Meridian’s team of financial, transactional, and operational professionals offers extensive experience to leading middle market companies across various sectors, including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian’s REACH M&A Partners network provides clients with robust cross-border capabilities.
