“This acquisition expands our presence in the water management market, enhances our digital expertise, and broadens our integrated product offering with commercial and institutional customers,” said Steve Shafer, CEO of A.O. Smith. “We are proud to welcome the Leonard Valve team into the A.O. Smith family. Both companies share a commitment to innovation, integrity, and exceptional customer service.”

Founded in 1911 and headquartered in Cranston, Rhode Island, Leonard Valve designs and manufactures water temperature control valves, digital and thermostatic mixing systems, and related monitoring devices that are used in hospitals, schools, universities, industrial facilities, and other institutional and commercial settings. Together with its Heat-Timer brand of boiler controls, Leonard Valve helps customers ensure safe, precise, and efficient control of water temperature and hydronic heating in demanding environments, the press release said.

“We are excited to join A.O. Smith,” said David Brakenwagen, president of Leonard Valve. “Together, we can continue to further invest in our people and technology, enhance our digital and thermostatic mixing solutions, expand our boiler control offerings, and deliver even more integrated solutions to our customers.”

During the transaction, BofA Securities Inc. served as the financial advisor, and Foley & Lardner as the legal advisor, to A. O. Smith.