A. O. Smith Acquires Leonard Valve Company from Bessemer Investors
January 8, 2026
A. O. Smith Corporation completed the acquisition of Leonard Valve Company (parent LVC Holdco) from Bessemer Investors for approximately $470 million (about $412 million net of estimated tax benefits after adjustments). The deal brings Leonard Valve’s thermostatic mixing valves, digital mixing technologies and Heat-Timer boiler controls into A. O. Smith to expand its water management, digital controls and commercial/institutional product offerings.
- Buyers
- A. O. Smith Corporation
- Targets
- Leonard Valve Company, LVC Holdco (parent of Leonard Valve Company)
- Sellers
- Bessemer Investors LLC, Niles Wilcox
- Industry
- Manufacturing
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
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