STONERIDGE INC (SRI): M&A transaction — Stoneridge sells Control Devices segment for $59M; focuses on Electronics and Brazil

STONERIDGE INC

Sold Control Devices to Center Rock Capital affiliate for $59M base purchase price; closed Jan 30, 2026.
Net proceeds will repay debt and strengthen balance sheet; company expects to amend credit facility.
Rajaey Kased, President of Control Devices, resigned as officer in connection with sale (no disagreement).
Remaining portfolio focused on Vision & Safety (MirrorEye), Connectivity, Vehicle Intelligence, and Brazil OEM.
Entered Mexico and China manufacturing agreements with buyer for transitional production.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

STONERIDGE INC completed a disposition involving Control Devices Acquisition, LLC for $59.0 million (closed 2026-01-30).

Action: disposition
Counterparty: Control Devices Acquisition, LLC
Consideration: $59.0 million
Closing: 2026-01-30

Exact text from the filing

On January 30, 2026 (the “Closing Date”), Stoneridge, Inc. (the “Company”) and certain of its subsidiaries entered into a Stock Purchase Agreement (“Purchase Agreement”) with Control Devices Acquisition, LLC, a Delaware limited liability company and an affiliate of Center Rock Capital Partners, L.P. (“Buyer”), pursuant to which the Company sold, on January 30, 2026 (the “Closing”), its Control Devices business segment (the “Business”) via the sale of the Company’s interests in its former wholly-owned subsidiaries, Stoneridge Control Devices, Inc. (“Control Devices”), Stoneridge Asia Holdings Ltd., Stoneridge Asia Pacific Electronics (Suzhou) Co. Ltd. (“Stoneridge Suzhou” and such sale, the “Sale”). The purchase price paid to the Company was $59.0 million and is subject to customary post-closing adjustments.

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Source: SEC EDGAR

accession 0001043337-26-000002

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