Aspen Pumps says that the investment represents a natural development in the strong trading relationship that it has with Pro Pipe which began in 2006.
Adrian Thompson, CEO of Aspen Pumps, said: “We are delighted to announce that we have formed a closer relationship with Pro Pipe, a leading HVAC distributor in Australia. This transaction represents an important step in delivering on our strategy of accelerating international growth.”
“Pro Pipe was the obvious choice for us to expand our presence in the Australasian region; we have long standing partnerships with the business and it shares Aspen’s core values of quality products, supported by excellent customer service and strong relationships. We look forward to working even closer with the team and supporting them in achieving their growth plans.”
Pro Pipe is the first investment that Aspen has made since 3i invested in the UK company earlier this year. 3i worked closely with the Aspen management team to successfully deliver this transaction.
