AOS signs definitive $470M deal for Leonard Valve and Heat-Timer

Rhea-AI Filing Summary

A. O. Smith Corporation announced it signed a definitive agreement to acquire LVC Holdco LLC, known as Leonard Valve, for $470 million, subject to satisfaction of customary closing conditions and receipt of regulatory approvals.

Leonard Valve, together with its Heat-Timer brand, designs and manufactures thermostatic and digital mixing valves and temperature control solutions used in commercial and institutional applications. The company also posted transaction slides and a news release as exhibits.

Insights

Industrial M&A Analyst

AOS signs $470M deal to buy Leonard Valve; closing pending.

A. O. Smith plans to acquire Leonard Valve for $470 million, expanding into thermostatic and digital mixing valves and temperature control solutions for commercial and institutional end‑markets. This adds branded products, including Heat‑Timer, adjacent to AOS’s water heating and treatment footprint.

The agreement is conditioned on customary closing steps and regulatory approvals, so timing and final terms may evolve. Financial details beyond headline consideration are not disclosed in the excerpt, limiting visibility into valuation multiples or synergy targets.

Near term, the key milestone is completion after required approvals. Subsequent filings may provide purchase accounting, financing structure, and any revenue or margin impacts.

0000091142FALSE00000911422025-11-122025-11-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 12, 2025

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A. O. Smith Corporation

(Exact name of registrant as specified in its charter)

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Delaware

1-475

39-0619790

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

11270 West Park Place, Milwaukee, Wisconsin 53224

(Address of principal executive offices, including zip code)

(414) 359-4000

(Registrant’s telephone number)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13-e4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock (par value $1.00 per share)

AOS

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.    Other Events

On November 12, 2025, A. O. Smith Corporation ("the Company") issued a news release announcing it had signed a definitive agreement to acquire LVC Holdco LLC (“Leonard Valve”) at a purchase price of $470 million, subject to satisfaction of customary closing conditions and receipt of regulatory approvals. Leonard Valve, together with its Heat-Timer brand, is a leading designer and manufacturer of thermostatic and digital mixing valves and temperature control solutions used in commercial and institutional applications. A copy of the Company's news release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

In addition, the Company posted slides describing the transaction to the Investors section of its website. The slides are attached to this Form 8-K as Exhibit 99.2.

Item 9.01     Financial Statements and Exhibits

The following exhibit is being filed herewith:

(99.1)    News Release of A. O. Smith Corporation, dated November 12, 2025

(99.2)    Supplemental Slides, dated November 12, 2025

104    Cover Page Interactive Data File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

A. O. SMITH CORPORATION

Date: November 12, 2025

By:

/s/James F. Stern

James F. Stern

Executive Vice President, Corporate Development, Strategy and Secretary

FAQ

What did A. O. Smith (AOS) announce in its 8-K?

A. O. Smith signed a definitive agreement to acquire LVC Holdco LLC (Leonard Valve) for $470 million, subject to closing conditions and regulatory approvals.

Who is Leonard Valve and what products does it offer?

Leonard Valve, together with its Heat-Timer brand, designs and manufactures thermostatic and digital mixing valves and temperature control solutions for commercial and institutional uses.

Are there conditions to closing A. O. Smith’s acquisition of Leonard Valve?

Yes. The transaction is subject to satisfaction of customary closing conditions and receipt of regulatory approvals.

What additional materials did A. O. Smith provide about the transaction?

A news release and supplemental slides were posted and attached as Exhibits 99.1 and 99.2.

Does the filing specify how A. O. Smith will finance the $470 million purchase?

The excerpt does not include financing details; it only states a $470 million purchase price.