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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.
Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.