---
schema_version: "secwatch.filing_event.v1"
accession: "0000091142-25-000153"
form_type: "8-K"
ticker: "AOS"
cik: "0000091142"
company_name: "SMITH A O CORP"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T22:05:13.830526+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# A. O. Smith to acquire Leonard Valve for $470M, ~12x 2026E EBITDA

## Summary
- All-cash purchase price of $470M (adjusted ~$412M after tax benefits); expected close in Q1 2026.
- Adjusted multiple ~12x forecasted 2026 EBITDA; deal expected accretive to EPS in 2026.
- Leonard Valve/Heat-Timer supplies mixing valves and boiler controls; ~30% digital/connected revenue; ~80% repair/replace demand.
- Funding via cash on hand and committed debt; ~100 employees; double-digit revenue CAGR 2022-2025E.

## SEC filing metadata
- accession: 0000091142-25-000153
- form_type: 8-K
- ticker: AOS
- cik: 0000091142
- company_name: SMITH A O CORP
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91142/000009114225000153/0000091142-25-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91142/000009114225000153/aos-20251112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091142-25-000153
- JSON: https://secwatch.observer/filing/0000091142-25-000153.json
- Plain text: https://secwatch.observer/filing/0000091142-25-000153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.