CPE Acquires Majority Interest in A. O. Smith’s China Business

A. O. Smith will sell an 81% interest in its China business to CPE, valuing the unit at approximately $400M, retain 19%, and receive long-term brand royalties. Total value, including NPV of royalties, is expected to exceed $500M. Closing expected H1 2027, subject to approvals.Material DetailsContex…