09:17 AM EST, 11/12/2025 (MT Newswires) -- A. O. Smith ( AOS ) said Wednesday it agreed to acquire water management technology firm Leonard Valve for $470 million, subject to adjustments.

The all-cash deal is valued at about $412 million, after adjusting for estimated tax benefits, the company said.

The transaction is anticipated to close in Q1 of 2026 and is expected to be funded through a combination of cash on hand and committed debt financing, the company said.

Leonard Valve specializes in digital and thermostatic mixing valve technologies, while its brand Heat-Timer provides advanced boiler controls that optimize hydronic heating, A. O. Smith ( AOS ) said.