Tully & Holland Serves as Exclusive Financial Advisor to Cygnus Medical LLC in its Sale to Aspen Surgical Products, Inc., a Portfolio Company of Audax Private Equity

Boston, MA, July 17, 2025 - Tully & Holland, Inc. is pleased to announce its role as exclusive financial advisor to Cygnus Medical LLC (“Cygnus”), a leading provider of specialty surgical and endoscopy products, in its sale to Aspen Surgical Products, Inc. (“Aspen Surgical”) a portfolio company of Audax Private Equity (“Audax). Founded in 1992 and headquartered in Branford, Connecticut, Cygnus Medical is a well-known, trusted name in the design, development, and distribution of high-quality medical devices serving hospitals, ambulatory surgery centers, and endoscopy clinics nationwide. With 50+ specialized products and 10 granted patents, the Company’s innovative portfolio includes proprietary solutions for surgical and scope transport, infection prevention, and storage systems.

With the Cygnus Medical acquisition, Aspen Surgical enters the endoscopy market and strengthens its infection prevention platform in sterile processing departments and operating rooms. This acquisition aligns with Aspen Surgical’s growth strategy, which focuses on strengthening its core capabilities while expanding its procedural reach.

“Tully & Holland was proud to represent Cygnus Medical in this significant transaction,” said Timothy Tully, President of Tully & Holland.

“Cygnus’s deep customer relationships, innovative product portfolio, and commitment to quality made it a highly attractive strategic fit for Aspen Surgical. We are confident this partnership will drive continued growth and value for both organizations.” The terms of the transaction were not disclosed.

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