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This deal fully refinances Aspen’s existing facilities and supports the acquisition of Malco, a US-based tools manufacturing company. Headquartered in the UK, Aspen Pumps Group is a global supplier of condensate removal pumps, tools and accessories to the global HVAC/R market. The acquisition of Malco further expands Aspen Pumps product offering in the tools space and strengthens the company’s market position in the US.
Commenting, Paul Mullen said: ‘We were delighted to work with Park Square and SMBC again on this transaction, and to advise on another deal for an Inflexion portfolio company. We’ve now been advising the lenders on various iterations of the financing of Aspen Pumps for almost 10 years.”