M&A Deal Summary

Standard Motor Products Acquires Stoneridge - Particulate Matter Sensor Business

On March 8, 2021, Standard Motor Products acquired electrical equipment company Stoneridge - Particulate Matter Sensor Business from Stoneridge

Acquisition Highlights
  • This is Standard Motor Products’ 1st transaction in the Electrical Equipment sector.
  • This is Standard Motor Products’ 8th transaction in the United States.
  • This is Standard Motor Products’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2021-03-08
Target Stoneridge - Particulate Matter Sensor Business
Sector Electrical Equipment
Buyer(s) Standard Motor Products
Sellers(s) Stoneridge
Deal Type Divestiture

Target

Stoneridge - Particulate Matter Sensor Business

Novi, Michigan, United States
Stoneridge's particulate matter sensor business has manufacturing lines in Lexington, OH, and Tallin, Estonia.

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Buyer(S) 1

Buyer

Standard Motor Products

Long Island City, New York, United States
Category Company
Founded 1919
Sector Automotive
Employees5,200
Revenue 1.4B USD (2023)
DESCRIPTION
Standard Motor Products' plant in Simpsonville, South Carolina.
Standard Motor Products' plant in Simpsonville, South Carolina.

Standard Motor Products is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. Standard Motor Products was founded in 1919 and is based in Long Island City, New York.

DEAL STATS #
Overall 8 of 12
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 5 of 5
State (Michigan) 2 of 2
Country (United States) 8 of 9
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Stoneridge - Pollak Business

Feasterville Trevose, Pennsylvania, United States

Stoneridge, Inc. - Pollak Business has manufacturing and distribution facilities in Canton, MA, El Paso, TX, and Juarez, Mexico, and distributes a range of engine management products including sensors, switches, and connectors.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Trombetta

Milwaukee, Wisconsin, United States

Trombetta is a manufacturer of DC power switching and power management products for mobile applications. Products include DC contactors, voltage regulators, industrial solenoids, switches, and various electronic controls. Focused on meeting customer's design requirements, Trombetta develops innovative solutions that reduce costs while increasing performance. Trombetta was founded in 1932 and is based in Milwaukee, Wisconsin.

Buy $108M

Seller(S) 1

SELLER

Stoneridge

Novi, Michigan, United States
Category Company
Founded 1965
Sector Electrical Equipment
Employees4,850
Revenue 976M USD (2023)
DESCRIPTION

Stoneridge is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets. Stoneridge was founded in 1965 and is based in Novi, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Stoneridge - Pollak Business

Feasterville Trevose, Pennsylvania, United States

Stoneridge, Inc. - Pollak Business has manufacturing and distribution facilities in Canton, MA, El Paso, TX, and Juarez, Mexico, and distributes a range of engine management products including sensors, switches, and connectors.

Sell $40M
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