Aspen Surgical acquires Symmetry Surgical

CALEDONIA, Michigan–()–Aspen Surgical Products, Inc. (“Aspen”), a portfolio company of Audax Private Equity (“Audax”) and a leader in disposable surgical products, announced the acquisition of Symmetry Surgical (“Symmetry”) from RoundTable Healthcare Partners. Symmetry represents the 15 of Aspene acquisition in total and sixth since Audax’s initial investment in Aspen in 2019. Financial terms of the transaction were not disclosed.

Headquartered in Nashville, TN, with additional operations in Louisville, KY, Tuttlingen, Germany and Melbourne, Australia, Symmetry is a leading provider of high quality surgical and specialty instruments, electrosurgery products and surgical devices. minimally invasive. Symmetry maintains a rich heritage of trusted brands, innovation and customer service, supporting all surgical specialties and all sites of care.

“Symmetry has a long history of providing high quality surgical devices and value-added services to the healthcare community, including iconic brands such as Bovie®Bookwalter®and Greenberg®, said Jason Krieser, CEO of Aspen. “The portfolio synergizes with Aspen and supports our mission to provide essential products that improve safety and efficiency in the surgical environment.”

Acquisition of Symmetry Expands Aspen’s Extensive Portfolio with Additional Clinically Preferred Brands; offers diversification into attractive adjacent categories; and adds new business skills and routes to market with a national direct selling infrastructure in acute and non-acute care settings.

“There is great power in bringing the people, products and brands of Aspen and Symmetry together,” added Brian Straeb, CEO of Symmetry. “With Aspen, we have the ability to serve our customers and their patients in more surgical settings, market segments and geographies with a broad, clinically relevant portfolio. We will be able to help simplify and improve the customer experience through a broader offering of surgical products, services and tools from a single partner.

“Symmetry’s family of category-leading products and benchmark brands aligns well with Aspen’s existing portfolio,” said David Wong, CEO of Audax. “We are excited to continue to invest in the Aspen platform through organic initiatives and strategic acquisitions.”

“Congratulations to Brian for running a great business at Symmetry,” said Young Lee, General Manager of Audax. “We are confident that together with Jason and the team at Aspen, they will take the business to the next level.”

Piper Sandler acted as exclusive financial advisor to Aspen and Audax. Kirkland & Ellis LLP acted as legal counsel to Aspen and Audax in this transaction. 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.

About Symmetry Surgical

Symmetry surgery® is a leading healthcare technology and solutions provider of high-quality surgical instruments, a comprehensive portfolio of electrosurgery and minimally invasive surgical devices that support all surgical specialties and sites of care. Wherever surgeries are performed, surgical teams can be confident that Symmetry Surgical instruments and devices will perform safely and effectively. Symmetry’s portfolio of trusted brands includes BOOKWALTER®, BOVIE®GREENBERG®OLSEN®SYMMETRY®KERRISON STRONG SYMMETRY®FLASH PAK®CLASSIC®CLASSIC PLUS®SECTOR®QUAD-LOCK®QUICK CLEANING®WITHOUT MAGNA®MIDAS KEY®MICROSECT®ULTRA-INSTRUMENTS®MULTIPAK®SURGICAL ACCESS®RILEY MEDICAL®TRANSPAK®OPTIMAL LENGTH®BOOKWALTER ROTILT®AND ACCESS TO SYMMETRY. Symmetry Surgical is headquartered in Nashville, TN, but has a global reach and operates facilities in Nashville, TN, Louisville, KY, Tuttlingen, Germany and Melbourne, Australia. Learn more about Symmetry Surgical and its vision to elevate surgery for life at

About Aspen Surgical Products, Inc.

Founded in 1999, Aspen is a leading manufacturer of disposable surgical products focused on improving safety and efficiency for patients and healthcare providers in the hospital and surgical center environment. The company’s 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. 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, cutting, automated assembly and packaging, as well as stamping, grinding and finishing blades. Aspen Surgical products are sold through a strong, integrated channel that includes a corporate account team working in synergy with a field sales organization, as well as a close network of distributors and product packers. kits. Backed by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition. For more information, please visit: or follow us on LinkedIn.

About Audax Private Equity

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

Christine E. Phillips