Symmetry Surgical® Acquired by Aspen Surgical

October 27, 2022



CALEDONIA, MI, October 27, 2022 — 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 Aspenʼs 15th acquisition in total and sixth since Audaxʼ initial
investment in Aspen in 2019. Financial terms of the transaction were not disclosed.


Based 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
instrumentation, electrosurgery products, and minimally invasive surgical devices. Symmetry
maintains a rich legacy of trusted brands, innovation, and customer service, supporting all surgical
specialties and sites of care.


“Symmetry 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®,” said Jason Krieser, CEO of Aspen. “The portfolio is synergistic with Aspen and
supports our mission to deliver essential products that improve safety and efficiency in the
surgical environment.”


The acquisition of Symmetry augments Aspenʼs broad portfolio with additional clinically preferred
brands; provides diversification into attractive adjacent categories; and adds new commercial
competencies and routes-to-market with a national direct-sales infrastructure across both acute
and non-acute settings of care.


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


“Symmetryʼs family of category-leading products and gold-standard brands align well with
Aspenʼs existing portfolio,” said David Wong, Managing Director of Audax. “Weʼre excited to
continue investing behind the Aspen platform through both organic initiatives and strategic
acquisitions.”


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


Piper Sandler acted as exclusive financial advisor to Aspen and Audax. Kirkland & Ellis LLP served
as legal counsel to Aspen and Audax during 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 Surgical® is a leading healthcare technology and solutions supplier of high-quality
surgical instrumentation, a full-line electrosurgery portfolio, and minimally invasive surgical
devices that support all surgical specialties and sites of care. Wherever surgeries are performed,
surgical teams can trust that Symmetry Surgical instruments and devices will operate efficiently
and safely. Symmetryʼs portfolio of trusted brands includes BOOKWALTER®, BOVIE®,
GREENBERG®, OLSEN®, SYMMETRY®, SYMMETRY SHARP KERRISON®, FLASH PAK®,
CLASSIC®, CLASSIC PLUS®, SECTO®, QUAD-LOCK®, RAPIDCLEAN®, MAGNAFREE®, MIDAS
TOUCH®, MICROSECT®, ULTRA INSTRUMENTS®, MULTIPAK®, ACCESS SURGICAL®, RILEY
MEDICAL®, TRANSPAK®, OPTILENGTH®, BOOKWALTER ROTILT®, AND SYMMETRY ACCESS™.
Symmetry Surgical is headquartered in Nashville, TN, but has 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 www.symmetrysurgical.com.


About Aspen Surgical Products, Inc.


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. The companyʼs 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, 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. For more information please visit: www.aspensurgical.com 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 founding in 1999, the firm 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, the firm is a leading capital partner for North American middle
market companies. For more information, visit the Audax Private Equity website
www.audaxprivateequity.com or follow us on LinkedIn.

For more information, please contact:


Aspen Surgical
Collyn Bradley, VP, Transformation
+ 1 774.284.1185
[email protected]


Audax Private Equity
Julie Rudnick
FGS Global
[email protected]




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