Entered a definitive agreement on March 28, 2026 to sell Sterno’s food service business to Archer Foodservice Partners (a Wynnchurch Capital portfolio company) via a merger structure, valuing the business at an enterprise value of $292.5 million, subject to customary adjustments. Immediately prior to closing, Sterno will distribute all interests in Rimports (home fragrance) to Sterno stockholders; Rimports will remain a majority-owned subsidiary of CODI. CODI owns approximately 92% of Sterno on a fully diluted basis; CODI intends to use sale proceeds to pay down its senior credit facility. Buyer’s closing obligations include no material adverse effect, accuracy of reps and warranties, completion of the Rimports Distribution, 280G approvals/waivers, and a transition services agreement between Rimports and The Sterno Group Companies, LLC. Outside Date for closing is May 26, 2026, with a possible extension of up to 59 days; closing is expected in Q2 2026 (press release indicated May 2026). Sterno food service generated approximately $30.3 million of subsidiary Adjusted EBITDA in 2025 (includes certain shared overhead expenses that will remain post-transaction). CODI expects its senior secured net leverage ratio to fall below 1.0x after closing and to avoid excess leverage fees under its senior secured indebtedness beyond June 30, 2026. Proceeds mechanics include a $2.6 million adjustment escrow and customary working capital, cash, debt and transaction expense adjustments.