Stryten Energy has completed the acquisition of C&D Technologies and Trojan Battery
Silver Point Capital is supporting these acquisitions through a $650 million term loan
Stryten said it plans to expand US battery manufacturing and advanced energy storage technologies
US-based battery manufacturer and energy storage company Stryten Energy has completed the acquisition of C&D Technologies and Trojan Battery Company. This expands its battery manufacturing footprint to 18 facilities across the US, Mexico, and China.
The deal brings together businesses serving stationary power, industrial, and mobility markets, with Stryten planning further investment in domestic manufacturing capacity and energy storage technologies.
The acquisition brings together complementary businesses with different end markets under Stryten’s ownership. C&D Technologies supplies stationary batteries for applications including data centers, telecommunications networks, utilities, and other critical infrastructure. These batteries support backup power and reliability requirements where interruptions can affect essential operations.
Trojan Battery specializes in deep-cycle batteries used in golf carts, low-speed electric vehicles, marine applications, and industrial equipment. Global private equity firm KPS-owned C&D acquired Trojan Battery in 2018 to expand its energy storage solutions portfolio.
Both these businesses broaden Stryten’s reach across stationary power, industrial equipment, transportation, and critical infrastructure. The combined business operates 15 manufacturing plants in the US, alongside facilities in Mexico and China. It also has offices across Europe and Asia.
Stryten Energy plans to increase investment in US battery manufacturing, advanced energy storage technologies and military production. CEO and President Mike Judd said the company aims to expand its capabilities to serve demand across transportation, data centers, telecommunications, industrial equipment, and other markets.
The combined company employs approximately 4,800 people worldwide and will continue to operate under the Stryten Energy name, retaining the C&D Technologies and Trojan Battery brands. Financial terms of the transaction were not disclosed.
Stryten, a portfolio company of Atlas Holdings, said it plans to accelerate investment in domestic battery manufacturing, advanced energy storage technologies, and military production capabilities. However, the company has not disclosed the amount or timeline of its planned manufacturing investments.
The acquisition is supported by a $650 million term loan led by the direct-lending business of Silver Point Capital. The company led the syndication to existing and new lenders. Silver Point previously financed Stryten, leading a $400 million financing for the company in 2024.
