Aspen is the global leader in the design, manufacture and distribution of mini pumps that remove condensate water from air conditioning and refrigeration systems. The group also sells a range of ancillary products for air conditioning installers and engineers. The company has offices and warehousing in the UK, France, Germany, USA and Australia. The group currently employs over 200 people and exports its products to over 100 countries.
The Inflexion investment
Inflexion originally invested in Aspen from 2007-2015. Inflexion invested again in January 2020 to continue to support the business's growth plans.
The Inflexion difference
Under Inflexion’s prior ownership from 2007-2015, Aspen saw significant growth. Together with the management team we completed an acquisition, implemented an aggressive internationalisation strategy, and innovative digital approach to new product development. Aspen increased its international sales distribution from 50 to 100 countries, and, with the support of Inflexion’s in-country international teams, the company launched in China and India where pump sales achieved in excess of a fourfold increase.
Inflexion's strong relationship with the management team together with Aspen’s proven track record of organic and acquisitive growth creates a partnership ideally placed to achieve Aspen’s international growth objectives during this second period of investment. Inflexion is supporting the company to pursue a M&A strategy in both the UK and globally.
First investment results
I am always positive in my assessment of Inflexion. It is an excellent house which treats management well. It is a pleasure to go to a Board meeting as they have a real passion for business. The team is made up of very smart individuals, common to most private equity firms but Inflexion empowers its people to make decisions. They are fun to work with and bring a strong sense of energy and drive.
CEO, Aspen Pumps