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

A. O. Smith Corporation completed the acquisition of LVC Holdco LLC, the parent of Leonard Valve, in a deal valued at $470 million, expanding into commercial/institutional water temperature control, digital mixing valves, and hydronic boiler controls.

“A. O. Smith Corporation (NYSE: AOS) announced it has completed the acquisition of LVC Holdco LLC, the parent company of Leonard Valve, in a transaction valued at $470 million, subject to customary adjustments. The all-cash deal is valued at approximately $412 million after adjusting for estimated tax benefits and was funded through borrowings under a new credit agreement.”

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