A.O. Smith completed the acquisition of Leonard Valve from Bessemer Investors for $470m.

A.O. Smith, a global water technology company, completed the acquisition of Leonard Valve, a pioneer in water management technologies, from Bessemer Investors, an investment firm, for $470m. "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. 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," Steve Shafer, A. O. Smith CEO.