Business
Bessemer Investors Announces Sale of Leonard Valve Company to A. O. Smith Corporation
Leonard Valve Company ("Leonard Valve" or the "Company"), a leading provider of water temperature and flow control solutions, and Bessemer Investors LLC ("Bessemer"), a New York-based investment firm, today announced that Bessemer has completed the sale of Leonard Valve to A. O. Smith Corporation ("A. O. Smith") (NYSE: AOS). A. O. Smith previously announced the signing of a definitive agreement to acquire Leonard Valve on November 12, 2025.
About this update from A.o. Smith Corporation
[{"type":"text","content":"NEW YORK, Jan. 6, 2026 /PRNewswire/ -- Leonard Valve Company ("Leonard Valve" or the "Company"), a leading provider of water temperature and flow control solutions, and Bessemer Investors LLC ("Bessemer"), a New York-based investment firm, today announced that Bessemer has completed the sale of Leonard Valve to A. O. Smith Corporation ("A. O. Smith") (NYSE: AOS). A. O. Smith previously announced the signing of a definitive agreement to acquire Leonard Valve on November 12, 2025.","length":528,"tagName":"p"},{"type":"image","alt":"Bessemer Investors and Leonard Valve Logos","displaySize":"","headline":null,"caption":"Bessemer Investors and Leonard Valve Logos","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":48,"url":"https://media.zenfs.com/en/prnewswire.com/f3926e688193eb9cfd55de0adc7570eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fJSD9ljNy_IIYYb66KNP_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/f3926e688193eb9cfd55de0adc7570eb","width":400,"height":48}},"href":"https://mma.prnewswire.com/media/2855727/Bessemer_Leonard_Valve_Joint_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Bessemer invested in Leonard Valve in 2019 alongside third-generation owner, Niles Wilcox. Since then, Bessemer has partnered with Mr. Wilcox and the Leonard Valve team to execute a succession plan, enhance the management team, and support organic growth, operational initiatives and strategic M&A. During Bessemer's ownership, Leonard Valve expanded its digital and thermostatic mixing portfolio and acquired Heat-Timer Corporation, a leading supplier of commercial heating controls and energy management systems, creating a broader platform in water and hydronic system management.","length":591,"tagName":"p"},{"type":"text","content":"Founded in 1911 and headquartered in Cranston, Rhode Island, Leonard Valve designs and manufactures water temperature control valves, digital and thermostatic mixing systems, and related monitoring devices used in hospitals, schools, universities, industrial facilities and other institutional and commercial settings. Together with its Heat-Timer brand of advanced boiler controls, Leonard Valve helps customers ensure safe, precise and efficient control of...