A. O. Smith Acquires Leonard Valve for $470 Million
January 8, 2026
A. O. Smith entered into a definitive agreement to acquire Leonard Valve Company (including LVC Holdco LLC and its Heat-Timer brand) for $470 million to expand its water management and digital controls capabilities. The deal closed in early 2026, deepening A. O. Smith’s position in water temperature and flow control and broadening its commercial and institutional product portfolio.
- Buyers
- A. O. Smith Corporation
- Targets
- Leonard Valve Company, LVC Holdco LLC, Heat-Timer Corporation
- Sellers
- Bessemer Investors LLC, Niles Wilcox
- Industry
- Infrastructure
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
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