Pioneer Square Brands, a designer and marketer of mobile technology cases and bags sold primarily to the K-12 education market, has bought Vault, a manufacturer of mobile device enclosure services, mobile payment services and kiosks for enterprise customers.
PSB’s products include molded and non-molded cases for tablets and laptops, bags, keyboards, headphones and other technology accessories. Together, PSB and Vault look to allow customers to manage Apple devices without charging cables through PSB’s fleet management platform Brenthaven+ and Vault’s product range. Vault’s experience in designing and manufacturing kiosks and mobile device enclosures for commercial industries works to compliment PSB’s existing offerings and provide opportunities for growth.
“The acquisition of Vault is an exciting expansion into an adjacent category for PSB,” comments Mike Ferren, president and CEO of Pioneer Square Brands. “We believe the combination will continue to bring a comprehensive solution to our customers across the mobile device protection and point-of-sale experiences.”
Meridian Capital LLC served as financial advisor to PSB on this transaction.