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Nov 12, 2025 12:00 PM

A.O. Smith Bolsters Water Heating Portfolio With Leonard Valve Deal

A.O. Smith Corporation (NYSE:AOS) shares are trading higher on Wednesday after the company announced the acquisition of LVC Holdco LLC, a Cranston, Rhode Island-based company, for $470 million.

Details

The all-cash transaction is valued at roughly $412 million after estimated tax benefits.

The company plans to finance it through a mix of cash on hand and committed debt.

Based on the present value of expected tax benefits, the ...