Bessemer Investors completed the acquisition of Leonard Valve Company.

Bessemer Investors, a private equity firm, completed its acquisition of Leonard Valve Company, a designer and manufacturer of water temperature control valves and monitoring devices. Financial terms were not disclosed. "We are excited to be partnering with the Leonard management team and to support their continued growth. The Company is widely regarded as an industry leader and is well positioned to continue building on its outstanding track record," Jeff Volling, Bessemer Investors Principal.