Inflexion has agreed to acquire Aspen Pumps, a manufacturer of specialist pumps, from 3i Group. This will be Inflexion’s second ownership of Aspen, following a successful partnership between 2007 and 2015.
Aspen designs, manufactures and distributes mini pumps that remove condensate water from air conditioning and refrigeration systems. The company has offices and warehousing in the UK, France, Germany, the US and Australia.
Under Inflexion’s prior ownership, Aspen witnessed significant organic and acquisitive growth. The company increased its international sales distribution from 50 to 100 countries and launched in China and India, where pumps sales achieved in excess of a fourfold increase.
“It is a pleasure to be partnering again with Inflexion as we embark on the next stage of our exciting growth journey,” commented Adrian Thompson, CEO of Aspen Pumps. “We know they have the right experience, connections and expertise to support our ambitious expansion plans. We are strategically positioned to capitalise on favourable tailwinds in our markets and look forward to working closely with Inflexion to achieve our growth objectives.”
“Aspen Pumps is a world leading business led by an extremely experienced and highly capable management team,” added Simon Turner, managing partner at Inflexion. “We are delighted to be re-investing in this business that we know so well and have had such a strong partnership with in the past. Aspen has a proven track record of organic and acquisitive growth and we look forward to using our global presence to support its further expansion in key markets such as the United States.”
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