Deal Details

ASP Is Acquired by Platinum

Healthcare

ASP, a portfolio company of Incline, sale to Platinum

Summary

ASP Global, LLC (“ASP” or the “Company”), a portfolio company of Incline Equity Partners (“Incline”), has been acquired by Platinum Equity ("Platinum"). Terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to ASP on this transaction.

We are proud of the business ASP has built and have ambitious long-term plans to continue growing with Platinum’s expanded access to capital, M&A resources and operational expertise that can help us achieve our goals and create new opportunities for ASP to serve the evolving needs of our customers.
Doug Shaver, CEO, ASP

About

ASP is a leading strategic partner to the healthcare industry that develops, sources and distributes consumable medical products customized to meet the specific needs of health systems, labs, GPOs and distributors. The Company’s portfolio includes a mix of proprietary, branded medical-surgical consumables, as well as private label offerings produced by ASP’s long-tenured network of global manufacturing partners. ASP’s capabilities give customers control over the design and functionality of their products, helping them meet patient experience goals in a cost-effective manner. ASP is headquartered in Atlanta, Georgia.

Incline is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada. Incline is headquartered in Pittsburgh, Pennsylvania.

Founded in 1995 by Tom Gores, Platinum is a global investment firm with more than $48 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 28 years Platinum has completed more than 450 acquisitions. Platinum is headquartered in Beverly Hills, California.

Healthcare

ASP, a portfolio company of Incline, sale to Platinum