ASP Global has been sold to Incline Equity Partners
Incline made the investment out of its Incline Elevate Fund, L.P. Terms of the transaction were not disclosed.
Based in Atlanta, Georgia, ASP custom-sources and distributes medical products and supplies. The company 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.
Lincoln acted as the exclusive financial advisor to ASP, working closely with its management team throughout the transaction process.
Lorne Tritt, President and CEO of ASP, expressed ASP’s excitement to partner with Incline, stating, “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.”
Nick Konstantinou, Managing Director and Co-Head of U.S. Healthcare at Lincoln, added, “We are delighted that ASP has the opportunity to partner with Incline and excited to see what the partnership can accomplish over the coming years through both organic growth and strategic acquisitions. We are grateful to Lorne and the shareholders of ASP for putting their trust in Lincoln to advise them as a result of our unique insights in the medical products and supplies distribution and logistics space and track record of executing transactions in the middle market.”
About ASP Global
ASP Global is a partner to health systems, providing med-surg supplies, custom products and patient preference items. ASP helps health systems reach their savings targets and patient experience goals by giving their partners control over cost and product design. ASP is an Atlanta-based company with additional operations in the Pacific Rim. For more information, visit www.aspglobal.com.
About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies. Incline is generally seeking growing companies with enterprise values of $25 – $450 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada. For more information, visit www.inclineequity.com.
Lincoln's senior-led team did an excellent job facilitating the transaction and ensuring a smooth path to close. Their deep healthcare experience, execution capabilities and domain expertise made Lincoln a valuable advisor.
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