RoundTable said that Bard-Parker joins Aspen’s other products including surgical needles and skin markers, disposable light handles, instrument guards, anti-fog solutions, and fluid management products. Aspen sells the products under the brand names Richard-Allan, Dr Fog, Sterion, Colby, Steriseal, and Oxboro.

As part of the transaction, Aspen acquired a facility in Las Piedras, Puerto Rico which manufactures the Bard-Parker line. Aspen manufactures its other products in facilities in Grand Rapids, MI and Redditch, England.

Additionally, to finance further growth opportunities for Aspen, RoundTable facilitated the completion of an amendment and restatement to Aspen’s senior credit facilities and a private placement of incremental subordinated notes.

Aspen’s incremental subordinated notes were acquired by RoundTable Capital Partners (Capital Fund I), RoundTable’s captive subordinated debt fund. The Capital Fund is a dedicated subordinated debt fund that makes fixed rate subordinated debt investments alongside the equity investments of RoundTable’s equity funds.

RoundTable and certain shareholders of Aspen made an equity investment in Aspen as part of the transaction.

Greg Pritchard, CEO of Aspen, said: “The acquisition of the Bard-Parker brand of surgical blades and scalpels further positions Aspen as a leading provider of patient and staff safety products in the operating room.

“The Bard-Parker products have a one-hundred year history, considerable performance benefits, and advanced safety features that will allow Aspen to participate to a greater degree in this high growth segment of the market.”

Joseph Damico, founding partner and co-chairman of RoundTable, said: “The operating room environment is an important healthcare segment for us. This is the sixth, largest and most complex acquisition we have facilitated for Aspen since making our initial investment in 2006.

“Our in-house operating teams are moving quickly across all functions, sales, marketing, manufacturing, IT, and human resources, to complete the transition and further position Aspen for growth.”