Acquisitions in Rhode Island in 2026

Lutron Electronics has acquired Tanury Industries, a Rhode Island-based metal finishing and plating company that has supplied Lutron with metal faceplates for more than 25 years. The acquisition brings plating and coating capabilities in-house to support Lutron’s premium metal finishes and will keep Tanury operating in Lincoln, Rhode Island while expanding investment in its capabilities across end markets including automotive, aviation, marine, and luxury products.

Michelin has completed the acquisition of Cooley Group, a Rhode Island–headquartered designer and manufacturer of high-performance polymer coated fabrics, for an undisclosed sum financed from available cash. Cooley, which has about 300 employees, four North American factories and reported $168 million in 2025 revenue, will expand Michelin's capabilities in industrial coated fabrics and complementary geographies.

Sylmar Group has acquired Atlantic Water Management, a New England industrial water treatment provider founded by Kevin Rabbitt. The deal expands Sylmar's regional footprint and adds Atlantic Water's cooling and boiler treatment capabilities to Sylmar's family of water services companies.

Vatn Systems, a Portsmouth, Rhode Island defense-technology company, has acquired Rhode Island-based Crewless Marine to bring advanced underwater acoustic sensing and real-time signal-processing capabilities in‑house. Crewless Marine co‑founders Dr. Steve Bordonaro and Dr. Philip Caspers will join Vatn in senior engineering roles; financial terms were not disclosed. The deal strengthens Vatn’s vertical integration, reduces supply‑chain dependencies, and accelerates development of AUV acoustic capabilities for defense and environmental markets.

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.