CALEDONIA—Aspen Surgical Products Inc., a provider of surgical and patient safety disposable products, announced the acquisition of Redmond, Wash.-based Beatty Marketing & Sales LLP.
Beatty provides orthopedic products, including foam positioners, sterile positioning kits, and suture retrievers to hospital and ambulatory surgery center customers across North America. Aspen officials said the acquisition complements the company’s 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.”
Established in 1999, Aspen Surgical’s portfolio of specialty medical products and surgical instruments includes Bard-Parker Blades and Scalpels, operating room accessories, patient and staff safety products, wound care products, and instrument care products. Aspen facilities in Caledonia 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 the Boston-based investment manager Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition. More at www.aspensurgical.com.
Since its founding in 1999, Audax 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. More at www.audaxgroup.com.