Aspen Pumps

About  

Aspen Pumps is the world's leading designer and manufacturer of specialist air conditioning and refrigeration aftermarket equipment.

Inflexion first backed Aspen in 2007. The first investment saw Aspen double international sales and triple EBITDA. Inflexion exited in 2015 for a 22x return.

Value acceleration 

Inflexion re-invested in 2020 and has continued to support Aspen’s highly active buy-and-build agenda, with 22 acquisitions completed across its investments. Through acquisitions, Aspen has significantly expanded its product offering in tools, accessories and refrigeration products while retaining its leadership position in mini condensate pumps and exceptional reputation among AC/R engineers and installers. Additionally, M&A has strengthened Aspen’s international presence, including in the highly attractive US market, which has become Aspen’s largest geography. The business targets 20% annual growth and has exceeded this for the last nine years, with half achieved through M&A.