Inflexion has acquired UK specialist pump manufacturer Aspen Pumps from 3i Group. This is Inflexion’s second period of ownership of Aspen, following a highly successful partnership between 2007 and 2015, during which EBITDA tripled.
Aspen designs, manufactures and distributes mini pumps that remove condensate water from air conditioning and refrigeration systems. The company, which has offices and warehousing in the UK, France, Germany, the USA and Australia, currently employs more than 200 people and exports its products to over 100 countries. Over the past 5 years Aspen has completed 6 acquisitions in France, Germany, Australia and the UK, enabling international revenues to more than treble over the period.
Liberty Corporate Finance were delighted to advise the management team led by CEO, Adrian Thompson, on all aspects of their reinvestment and equity terms package in the new structure.