A. O. Smith Corporation acquired Water Tec of Tucson, Inc. for $16.8 million (aggregate cash purchase price, net of cash acquired), a transaction completed in July 2023, structured as all cash.
Water Tec of Tucson, Inc. operates in North America Water Treatment, is based in Tucson, Arizona, USA (assembly in Las Vegas, Nevada). A. O. Smith acquired Water Tec of Tucson, Inc., a second-generation family-owned water-treatment manufacturer and dealer founded in 1967 and based in Tucson, Arizona (with an assembly location in Las Vegas, Nevada), expanding its West Coast presence. A. O. Smith's FY2023/FY2024 Form 10-K reports a privately held water-treatment company acquired during the third quarter of 2023 for an aggregate cash purchase price of $16.8 million, net of cash acquired; the FY2024 10-K names Water Tec as that 2023 acquisition.
Expands A. O. Smith's North America water-treatment platform and West Coast presence.
North America segment
Advisory firms were not disclosed for this transaction.