Aspen Surgical Products Inc, which is owned by Audax Private Equity, has acquired Redmond, Washington-based Beatty Marketing & Sales LLP, a provider of orthopedic products. No financial terms were disclosed.
CALEDONIA, Mich.–(BUSINESS WIRE)–Aspen Surgical Products, Inc. (“Aspen”), a leader in surgical and patient safety disposable products, announced the acquisition of Beatty Marketing & Sales LLP (“Beatty” or “The Company”).
Beatty provides high-quality orthopedic products, including foam positioners, sterile positioning kits, and suture retrievers to hospital and ambulatory surgery center customers across North America. The Company, based in Redmond, WA, has demonstrated a consistent track record of driving recurring revenue growth while providing lower-cost options to caregivers. The acquisition of Beatty helps to accelerate Aspen’s leadership in the orthopedic surgical space and complements Aspen’s portfolio of Colby™ fluid management products and other surgical disposables.
“Over the last 32 years, Beatty has established itself as a trusted supplier in the orthopedic disposables space,” said Jason Krieser, CEO of Aspen. “We will look to leveraging this reputation, along with the Beatty product portfolio, to enhance our existing surgical offering, make us more relevant in the orthopedics space, and expand our reach in the ambulatory surgery center market.”
Jeff Beatty, founder of Beatty, said “We are excited to partner with the team at Aspen and Audax. The complementary product offerings and customer base will allow Beatty to continue its significant growth trajectory. Beatty will continue to flourish under the leadership of Aspen.”
About Aspen Surgical Products, Inc.
Established in 1999, Aspen Surgical is a leading worldwide manufacturer of surgical disposable products with an emphasis on surgical efficiency and safety. The company’s extensive portfolio of specialty medical products and surgical instruments includes Bard-Parker® Blades and Scalpels, O.R. accessories, patient and staff safety products, basic wound care products, and instrument care products. Aspen facilities in Caledonia, Michigan, and Las Piedras, Puerto Rico offer vertically integrated, domestic manufacturing capabilities including injection molding, die cutting, converting, assembly and packaging as well as blade stamping, grinding and finishing. Recently acquired by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition. For more information, please visit www.aspensurgical.com.
About Beatty Marketing & Sales LLP
Headquartered in Redmond, Washington, Beatty manufactures and sells orthopedic products across the United States and Canada. They manufacture three major categories of orthopedic products, including sterile kits, suture retrievers and positioning products. Founded in 1987, Beatty has achieved significant growth and established itself as one of the most trusted orthopedic suppliers in their target markets, including hospitals, surgical centers, medical distributors and Group Purchasing Organizations.
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 $26 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 130 platforms and 800 add-on companies, and is currently investing 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 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, please visit the Audax Group website www.audaxgroup.com.