A.O. Smith completes $470M acquisition of Leonard Valve

A.O. Smith completed a $470 million all-cash acquisition of Leonard Valve (valued at ~$412M after tax benefits), a Rhode Island water temperature control manufacturer, financed through a new credit agreement to expand its water management and digital solutions portfolio.

“Manufacturer has completed a $470 million all-cash acquisition that will expand its presence in water management and digital solutions for commercial and institutional clients,”

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