Inflexion Private Equity-backed Aspen Pumps completed the acquisition of Malco Tools.

Inflexion Private Equity-backed Aspen Pumps, a comprehensive range of HVAC/R pumps, accessories and rooftop support supplier, completed the acquisition of Malco Tools, a manufacturer of high-quality tools for the HVAC and building construction industries. Financial terms were not disclosed. “Malco has built an extremely strong and reputable business over the past 75 years, and this agreement with Aspen Pumps Group will allow us to grow our business in ways that will allow us to be a successful, trusted brand for the next 75 years. Aspen Pumps Group is a strong partner for us from not only a business and opportunity perspective but also from a mission and values standpoint as well. They’ve proven to us that they do what they say and focus on people first, which is important to what we do and will continue to do at Malco," Rich Benninghoff, Malco Tools President and CEO.