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Deal closed Undated · Americas (Annandale, Minnesota US) Verified

Aspen Pumps Group acquires Malco Tools to form Americas platform (Malco Group)

Malco Tools, formerly an ESOP-owned sheet-metal hand-tool maker, was sold to Aspen Pumps Group and repositioned as 'the Malco Group,' Aspen's Americas platform consolidating nine HVACR brands with more acquisitions intended.

“one thing led to another and aligned strategically and culturally in a way that I frankly loved, still do, and just kicked off a more formal relationship and eventually ended up selling Malco Tools to the group.”

Entities

Aspen Pumps Group · Acquirer Malco Group · Platform Malco Tools · Target
HVACRefrigeration

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