Deal Details

Symmetry Is Acquired by Aspen

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Summary

About

Symmetry is a manufacturer, marketer and distributor of reusable surgical instrumentation, electrosurgical products, and minimally invasive surgical devices. The Company maintains a rich legacy of trusted brands including Bookwalter®, Bovie®, Greenberg®, Reddick® and The O.R. Company, amongst others, that support a wide range of surgical specialties and sites of care. The Company is headquartered in Nashville, Tennessee, with operations in Louisville, Kentucky, Tuttlingen, Germany and Melbourne, Australia.

RoundTable Healthcare Partners, based in Lake Forest, Illinois, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable has raised $4.25 billion in committed capital, including six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million.

Established in 1999, Aspen is a leading manufacturer of surgical disposables focused on improving patient and healthcare provider safety and efficiency in the hospital and surgery center environment. Aspen 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. Aspen Surgical products are sold through a strong, integrated channel which includes a corporate accounts team working synergistically with a field sales organization, along with a close distributor and kit-packer network. Backed by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition.

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, Audax has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in more than 150 platforms and over 1,100 add-on companies, and is currently investing in add-ons out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 320 employees and over 100 investment professionals, Audax is a leading capital partner for North American middle market companies.

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