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Bessemer Investors has completed the sale of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and mixing systems, to A. O. Smith Corporation. The deal was first agreed in November 2025.
Greensboro-based Tencarva Machinery, backed by Bessemer Investors, acquired Atlantic Valve & Equipment, a Richmond, Virginia valve representative for municipal and industrial water markets. Financial terms were not disclosed.
Bessemer-backed Tencarva, a distributor of flow control and process equipment, acquired Detroit Pump, a pump distributor serving industrial and municipal markets. No financial terms were disclosed.
Tencarva Machinery Co. acquired Detroit Pump & Mfg. Co., a Warren, Michigan distributor of pumps and fluid handling equipment, expanding its reach into the Upper Midwest. Detroit Pump will retain its management team and terms were not disclosed.
Heat-Timer Corporation, a supplier of commercial heating controls and energy management systems, has been sold to Leonard Valve Company, a portfolio company of Bessemer Investors. EC M&A acted as exclusive financial advisor to Heat-Timer.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
Bessemer Investors LLC completed the acquisition of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and monitoring devices. Financial terms were not disclosed. The announcement was made on 9 March 2020.
