A. O. Smith to acquire Leonard Valve for $470 million

A. O. Smith signed a definitive agreement to acquire LVC Holdco LLC, parent of Leonard Valve (and its Heat-Timer brand), for $470 million in an all-cash deal expected to close in Q1 2026. BofA Securities and Foley & Lardner advised A. O. Smith.

“A. O. Smith Corporation, a global leader in water heating and treatment, announced it has signed a definitive agreement to acquire LVC Holdco LLC, parent company of Leonard Valve of Cranston, Rhode Island, for $470 million, subject to customary adjustments. The all-cash transaction is valued at approximately $412 million after estimated tax benefits and is expected to close in the first quarter of 2026, pending regulatory approvals and standard closing conditions.”

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