Aspen Surgical, a Caledonia, MI-based leader in disposable surgical products, acquired Symmetry Surgical, a Nashville, TN-based provider of a surgical and specialty instrumentation, electrosurgery products, and minimally invasive surgical devices, from RoundTable Healthcare Partners.
The amount of the deal was not disclosed.
Antares Capital, Golub Capital, BMO Sponsor Finance, and Apogem Capital provided senior debt financing; Churchill Asset Management, MetLife Investment Management, and Northwestern Mutual Capital provided junior debt financing; and Linden Structured Capital provided preferred equity financing to support the transaction.
With the acquisition, Aspen will augment its broad portfolio with additional clinically preferred brands, provide diversification into adjacent categories and add new commercial competencies and routes-to-market with a national direct-sales infrastructure across both acute and non-acute settings of care.
Based in Nashville, TN, with additional operations in Louisville, KY, Tuttlingen, Germany and Melbourne, Australia and led by CEO Brian Straeb, Symmetry is a provider of surgical and specialty instrumentation, electrosurgery products, and minimally invasive surgical devices. The company has a longstanding history of providing high-quality surgical devices and value-added services to the health care community, including iconic brands such as Bovie®, Bookwalter®, and Greenberg®.
Led by CEO Jason Krieser, Aspen is a manufacturer of surgical disposables focused on improving patient and healthcare provider safety and efficiency in the hospital and surgery center environment. Its extensive portfolio includes Bard-Parker blades and scalpels, Precept personal protective equipment, Protek probe covers and needle guides, Stork labor and delivery products, surgical marking pens, orthopedic positioners, basic wound care, and instrument care products. The company has facilities in Caledonia, Michigan; Las Piedras, Puerto Rico; and Agua Prieta, Mexico offer vertically integrated, North American manufacturing capabilities including injection molding, sewing, ultrasonic welding, die cutting, automated assembly, and packaging as well as blade stamping, grinding, and finishing.
It is a portfolio company of Audax Private Equity.
FinSMEs
31/10/2022