Incline invests in ASP

Incline Equity Partners has made an investment in Atlanta-based ASP Global, a provider of healthcare supplies.

Incline Equity Partners has made an investment in Atlanta-based ASP Global, a provider of healthcare supplies. No financial terms were disclosed.

PRESS RELEASE

Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, announces an investment in ASP Global (the “Company” or “ASP”). ASP sources and distributes healthcare supplies, including patient preference items, lab supplies and orthopedic products, to hospitals and other healthcare settings.

Based in Atlanta, GA, ASP leverages its expansive sourcing network to provide high quality products that are customized to meet the specific needs of healthcare providers. The Company’s broad set of capabilities gives hospitals and health systems control over the design and functionality of their products, ultimately helping them meet financial and patient experience goals that are critical to their long term success.

“ASP serves an important niche by providing a tailored product offering to a marketplace accustomed to a limited set of alternatives,” said Tom Ritchie, Partner at Incline. “The Company has experienced tremendous growth supported by an exceptional value proposition in a recession resistant end market, and we are thrilled to be able to work with Lorne and his team moving forward.”
Lorne Tritt, President and CEO of ASP, added, “We have invested heavily in our business over the past several years and completed five acquisitions. With Incline as our partner, we are well positioned to further accelerate the Company’s growth through an expanded sales effort and additional acquisitions. We very much enjoyed getting to know the Incline team, and we are excited to have them as our partner.”

The investment was made through Incline’s lower middle market fund extension platform, Incline Elevate Fund, L.P.