M&A Deal Summary

Bessemer Investors Acquires Leonard Valve

On March 9, 2020, family office Bessemer Investors acquired building materials company Leonard Valve

Acquisition Highlights
  • This is Bessemer Investors’ 1st transaction in the Building Materials sector.
  • This is Bessemer Investors’ 3rd transaction in the United States.
  • This is Bessemer Investors’ 1st transaction in Rhode Island.
Investment Fate
  • Leonard Valve was sold to a publicly-traded strategic buyer in 2025 for 470M USD.

M&A Deal Summary

Date 2020-03-09
Target Leonard Valve
Sector Building Materials
Buyer(s) Bessemer Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Leonard Valve

Cranston, Rhode Island, United States
Leonard Valve is a specialist manufacturer of water temperature-control valves and related systems. It focused on designing and producing thermostatic and digital mixing valves, master mixing systems, emergency eyewash/drench-shower safety valves, and hose assemblies, all aimed at providing safe, tempered water in commercial, institutional, and industrial applications. Leonard Valve was formed in 1913 and is based in Cranston, Rhode Island.

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Buyer(S) 1

DESCRIPTION

Bessemer Investors is a private investment firm focused on minority or majority investments in established US-based companies valued between $75 and $500 million. The Firm looks to commit $50 to $150 million in profitable businesses with $5 to $50 million of EBITDA. Sectors of interest include aerospace, defense, building products, industrial equipment, packaging, plastics, business services, consumer products/services, testing, insurance, and value-added distribution. The Firm will consider a variety of investment situations including growth capital financings, buyouts, consolidations, take privates, and divestitures. Bessemer Investors is headquartered in New York, New York.


DEAL STATS #
Overall 4 of 9
Sector: Building Materials M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Rhode Island M&A 1 of 1
Country: United States M&A 3 of 8
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 Mas Restaurant Group

Houston, Texas, United States

Mas Restaurant Group is a franchise operator managing over 115 Taco Bell restaurants, including co-branded locations with KFC and Pizza Hut Express. Mas Restaurant Group is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Legacy Restoration

Plymouth, Minnesota, United States

Legacy Restoration is a provider of restoration and remodeling services, including roofing, windows, siding, and gutters to residential and commercial markets. Legacy Restoration was formed in 2011 and is headquartered in Plymouth, Minnesota.

Buy -