M&A Deal Summary

Aspen Surgical Acquires Precept Medical Products

On May 4, 2020, Aspen Surgical acquired medical products company Precept Medical Products from Venquest Capital Partners

Acquisition Highlights
  • This is Aspen Surgical’s 2nd transaction in the Medical Products sector.
  • This is Aspen Surgical’s 2nd transaction in the United States.
  • This is Aspen Surgical’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-05-04
Target Precept Medical Products
Sector Medical Products
Buyer(s) Aspen Surgical
Sellers(s) Venquest Capital Partners
Deal Type Add-on Acquisition

Target

Precept Medical Products

Arden, North Carolina, United States
Precept Medical Products, Inc. is a disposable medical products manufacturing company offering solutions to a variety of patient, staff, and environmental problems that plague the healthcare industry. Precept manufactures a complete line of protective apparel consisting of face masks, protective gowns, scrubs, headwear, shoe covers, warm-up jackets, lab coats, coveralls, and surgical drapes and gowns. Precept Medical Products was founded in 1991 and is based in Arden, North Carolina.

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Buyer(S) 1

Buyer

Aspen Surgical

Caledonia, Michigan, United States
Category Company
Founded 1999
Sector Medical Products
DESCRIPTION

Aspen Surgical is a manufacturer and marketer of both OEM and branded disposable medical products for surgical and general healthcare applications. Aspen Surgical Product's major products included surgical needles, surgical skin markers, disposable light handles, instrument guards, anti-fog solutions, and surgical accessories. Aspen Surgical was founded in 1999 and is based in Caledonia, Michigan.

DEAL STATS #
Overall 2 of 6
Sector (Medical Products) 2 of 5
Type (Add-on Acquisition) 2 of 5
State (North Carolina) 1 of 1
Country (United States) 2 of 5
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Beatty Marketing & Sales

Redmond, Washington, United States

Beatty Marketing & Sales LLP provides high-quality orthopedic products, including foam positioners, sterile positioning kits, and suture retrievers to hospital and ambulatory surgery center customers across North America. Beatty Marketing & Sales LLP was founded in 1987 and is based in Redmond, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Protek Medical Products

Coralville, Iowa, United States

Protek Medical Products, Inc. is a manufacturer of single-use ultrasonic probe covers and needle guides used in tissue biopsies, fluid aspiration, and vascular access procedures as well as protective covers for medical instruments and equipment. Protek Medical Products was founded in 1996 and is based in Coralville, Iowa.

Buy -

Seller(S) 1

SELLER

Venquest Capital Partners

Dallas, Texas, United States
Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Venquest Capital Partners is a private investment firm focused on investing in profitable, privately-held mid-sized companies. Target businesses generally have at least $10 million in revenues and $2.5 million in EBITDA. The Firm will consider a variety of transaction situations, including acquisitions, buyouts, growth capital financings, and recapitalizations. Broad sectors of interest include manufacturing, distribution, and services. Venquest Capital Partners was formed in 2000 and is based in Dallas, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-01 North Basin Coating

Levelland, Texas, United States

North Basin Coating is a provider of coating services that applies corrosion‐resistant fusion bonded epoxy and powder coatings on the internal and external surfaces of pipe, pumps, valves, fittings, vessels, and other steel components used in critical oil and gas and water/wastewater functions. North Basin Coating was founded in 1982 and is based in Levelland, Texas.

Buy -
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