M&A Deal Summary

AO Smith Acquires Atlantic Filter

On June 8, 2022, AO Smith acquired manufacturer Atlantic Filter

Acquisition Highlights
  • This is AO Smith’s 4th transaction in the Manufacturing sector.
  • This is AO Smith’s 9th transaction in the United States.
  • This is AO Smith’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-06-08
Target Atlantic Filter
Sector Manufacturing
Buyer(s) AO Smith
Deal Type Add-on Acquisition

Target

Atlantic Filter

West Palm Beach, Florida, United States
Atlantic Filter is a manufacturer and dealer of quality water treatment equipment for residential, commercial, institutional, and industrial use. Atlantic Filter was founded in 1955 and is based in West Palm Beach, Florida.

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Buyer(S) 1

Buyer

AO Smith

Milwaukee, Wisconsin, United States
Category Company
Founded 1874
Sector Manufacturing
Employees12,000
Revenue 3.9B USD (2023)
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 12 of 14
Sector (Manufacturing) 4 of 5
Type (Add-on Acquisition) 10 of 11
State (Florida) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 GIANT

Montreal, Quebec, Canada

GIANT manufactures a complete line of residential electric, gas, and oil-fired water heaters at two facilities in Montreal and sells water heating products across Canada. GIANT was founded in 1945 and is based in Montreal, Quebec.

Buy $192M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Water Tec

Tucson, Arizona, United States

Water Tec is a water treatment company that provides whole-house water conditioners, water softeners, drinking water systems, reverse osmosis, filter systems, salt-free systems, repair parts, replacement filters, and supplies, and residential and commercial installation services. Water Tec was formed in 1967 and is based in Tucson, Arizona.

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