# Aspen Pumps Group acquires Malco Tools, HVAC tool maker

Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.

- Type: Acquisition
- Announced: 2024-10-28
- Where: Annandale, Minnesota, United States
- Status: completed
- Products: HVAC tools, condensate removal pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Aspen Pumps](https://endata.com/companies/5919.md) (acquirer)
- [Malco Tools](https://endata.com/companies/12422.md) (target)

## Sources

- [malcotools.com](https://www.malcotools.com/news/aspen-pumps-group-acquires-malco-tools-inc/), 2024-10-29: "Malco Tools, Inc. one of the nation's top manufacturers of high-quality tools for the HVAC and building construction industries, announced that it has been acquired by Aspen Pumps Group."
- [hvacinsider.com](https://hvacinsider.com/aspen-pumps-group-acquires-malco-tools/), 2024-11-08: "Malco Tools, Inc. one of the nation's top manufacturers of high-quality tools for the HVAC and building construction industries, announced on October 29, 2024 that it has been acquired by Aspen Pumps Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.