Aspen Pumps designs, assembles and distributes specialised mini pumps which remove condensate water from air conditioning systems.
Based in Hailsham, Sussex, and established in 1992, Aspen Pumps is the global market leader in the design and manufacture of these products, operating in over 100 countries worldwide across Europe, the Americas, Africa, the Middle East, the Asia and Australasia.
In addition to pumps, the company sells a range of products for air conditioning installers and engineers, including its range of accessories, Aspen Xtra, and rooftop mounting systems, Big Foot.
Inflexion Private Equity invested in the business in 2007 as Aspen required capital and support to grow, scale production and develop new products. Together, Inflexion and the Aspen management team implemented a progressive internationalisation strategy, innovative digital approach to new product development and an ambitious acquisition plan. The company launched in China and India, experiencing more than a fourfold increase in pump sales, and made two acquisitions.
3i acquired Aspen in 2015 with plans to continue international expansion, and has so far acquired businesses in France, Germany, Australia, alongside the roll-out of a global salesforce in 2016 and a number of new product launches.
WINNER - BVCA MANAGEMENT TEAM AWARDS 2015
Inflexion Private Equity: 2007 - 2015
3i: February 2015 - present
INFLEXION | PORTFOLIO: ASPEN PUMPS
3I | PORTFOLIO