M&A Deal Summary

AO Smith Acquires Lochinvar

On August 26, 2011, AO Smith acquired electrical equipment company Lochinvar for 418M USD

Acquisition Highlights
  • This is AO Smith’s 7th transaction in the Electrical Equipment sector.
  • This is AO Smith’s largest (disclosed) transaction.
  • This is AO Smith’s 5th transaction in the United States.
  • This is AO Smith’s 3rd transaction in Tennessee.

M&A Deal Summary
Date 2011-08-26
Target Lochinvar
Sector Electrical Equipment
Buyer(s) AO Smith
Deal Type Add-on Acquisition
Deal Value 418M USD

Target

Lochinvar

Lebanon, Tennessee, United States
website
Lochinvar LLC is a manufacturer of high-efficiency boilers used in commercial and residential hydronic heating and hot water applications.

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Buyer(S) 1

Buyer

AO Smith

Milwaukee, Wisconsin, United States

website

Category Company
Founded 1874
Sector Manufacturing
Employees12,000
Revenue 3.8B USD (2022)
DESCRIPTION
Entrance to AO Smith's corporate headquarters in Milwaukee, Wisconsin.
Entrance to AO Smith's corporate headquarters in Milwaukee, Wisconsin.

AO Smith is a manufacturer of water heaters and boilers, serving a diverse mix of residential and commercial end markets. The Company's water heater segment offers electric, natural gas and liquid propane models as well as solar tanks and gas tankless units for today’s energy efficient homes. AO Smith's commercial boilers are used primarily in space heating applications including hospitals, schools, hotels and other large commercial buildings. AO Smith was incorporated in 1874 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 7 of 13
Sector (Electrical Equipment) 7 of 7
Type (Add-on Acquisition) 5 of 11
State (Tennessee) 3 of 3
Country (United States) 5 of 10
Year (2011) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 GSW

Oakville, Ontario, Canada

GSW, Inc. is a water heating segment manufactures and markets water heaters sold in the U.S. and Canada through its American Water Heater Company and GSW Water Heater subsidiaries.

Buy $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Buy $87M
Mergr

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