# 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 of Cranston, Rhode Island, for $470 million all-cash, subject to adjustments, with closing expected in Q1 2026.

- Type: Acquisition
- Announced: 2025-11-12
- Where: Cranston, Rhode Island, United States
- Value: $470.0M
- Status: announced
- Products: thermostatic mixing valves, digital mixing valves, boiler controls
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Leonard Valve Company](https://endata.com/companies/6217.md) (target)
- [Foley & Lardner LLP](https://endata.com/companies/12152.md) (partner)
- [A. O. Smith](https://endata.com/companies/12261.md) (acquirer)

## Sources

- [investor.aosmith.com](https://investor.aosmith.com/news-releases/news-release-details/o-smith-acquire-leonard-valve-company-leader-water-temperature), 2025-11-12: "A. O. Smith announced today that it has signed a definitive agreement to acquire LVC Holdco LLC (Leonard Valve) of Cranston, Rhode Island, for $470 million, subject to customary adjustments."
- [law360.com](https://www.law360.com/articles/2410044/foley-led-ao-smith-buys-leonard-valve-in-470m-deal), 2025-11-12: "Water technology company A.O. Smith Corp., led by Foley & Lardner LLP, on Wednesday announced plans to buy Leonard Valve in a $470 million all-cash deal."
- [contractormag.com](https://www.contractormag.com/hydronics/news/55329744/a-o-smith-to-acquire-leonard-valve-for-470-million), 2025-11-12: "A. O. Smith, 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."
- [ccr-mag.com](https://ccr-mag.com/a-o-smith-to-acquire-leonard-valve-company/), 2025-12-05: "The Company expects the transaction to close in the first quarter of 2026, subject to the satisfaction of customary closing conditions and receipt of regulatory approvals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.