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Stoneridge Completes Sale Of Control Devices Segment To Affiliate Of Center Rock Capital Partners; Deal Closed On January 30 With Base Purchase Price Of $59M

Benzinga·02/02/2026 12:33:17
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Stoneridge, Inc. (NYSE:SRI) today announced that it has completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners, LP ("Center Rock"), a private investment firm specializing in driving long-term value creation for middle-market industrial businesses. The transaction was closed, effective as of January 30, 2026, concurrent with the signing of the definitive agreement to sell the Control Devices segment.

The sale was completed with a base purchase price of $59 million. Stoneridge will use the net cash proceeds, after tax and transaction-related expenses, to repay its debt and strengthen its balance sheet.