A.O. Smith to acquire MagneTek motor operations for ~$250M

A.O. Smith Corp. announced it will buy the worldwide motor operations of MagneTek, Inc. for approximately $250 million, expected to close by month-end. MagneTek motors are used in commercial air conditioners, compressors, and spa pumps.

“A.O. Smith Corp. announced that it will buy the worldwide motor operations of MagneTek, Inc., for approximately $250 million. The deal, expected to close by the end of this month, would be the largest in A.O. Smith’s 125-year history.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.