Business
A. O. Smith Completes Acquisition of Leonard Valve Company
Global water technology company A. O. Smith Corporation (the "Company" or "A. O. Smith") (NYSE: AOS) announced today that it has completed the acquisition of LVC Holdco LLC ("Leonard Valve") for $470 million, subject to customary adjustments. The all-cash transaction is valued at approximately $412 million after adjusting for estimated tax benefits and was funded with cash borrowed under a new credit agreement.
About this update from A.o. Smith Corporation
[{"type":"text","content":"MILWAUKEE, Jan. 6, 2026 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company" or "A. O. Smith") (NYSE: AOS) announced today that it has completed the acquisition of LVC Holdco LLC ("Leonard Valve") for $470 million, subject to customary adjustments. The all-cash transaction is valued at approximately $412 million after adjusting for estimated tax benefits and was funded with cash borrowed under a new credit agreement.","length":504,"tagName":"p"},{"type":"image","alt":"A. O. Smith Corporation logo. (PRNewsFoto/A. O. Smith Corporation) (PRNewsfoto/A. O. Smith Corporation)","displaySize":"","headline":null,"caption":"A. O. Smith Corporation logo. (PRNewsFoto/A. O. Smith Corporation) (PRNewsfoto/A. O. Smith Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":133,"url":"https://media.zenfs.com/en/prnewswire.com/8a2021e4e8193466cc0b162a92a333dc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wDqDcCXa0ONoN08f5rmV4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8a2021e4e8193466cc0b162a92a333dc","width":400,"height":133}},"href":"https://mma.prnewswire.com/media/409410/A__O__SMITH_CORPORATION_LOGOjpg_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This acquisition expands our presence in the water management market, enhances our digital expertise and broadens our integrated product offering with commercial and institutional customers," said Steve Shafer, chief executive officer of A. O. Smith. "We are proud to welcome the Leonard Valve team into the A. O. Smith family. Both companies share a commitment to innovation, integrity and exceptional customer service."","length":442,"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 water temperature and hydronic heating in dema...