Majority stake Announced Jul 2011 Verified
A.O. Smith to acquire Lochinvar for $418 million
Relationship map
Parties
Parties
Market signals
Market signals
Deal value$418M reported total considerationas reported by contractingbusiness.com
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
A.O. Smith signed a definitive agreement to acquire privately held boiler manufacturer Lochinvar Corporation for $418 million (with up to $35M earnout), funded via cash and its revolving credit facility, to build a global water heating/boiler platform.