secwatch.observer — SEC 8-K summary
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Issuer:     SMITH A O CORP (AOS)
CIK:        0000091142
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0000091142-25-000153
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91142/000009114225000153/0000091142-25-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91142/000009114225000153/aos-20251112.htm
  HTML page:      https://secwatch.observer/filing/0000091142-25-000153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer