Stryten Energy agrees to buy C&D Technologies and Trojan Battery

Stryten Energy has signed a definitive agreement to acquire C&D Technologies and Trojan Battery, a transaction the company said would create a larger battery manufacturing and energy storage platform. Stryten said the combined business would operate 15 battery manufacturing and component sites in the United States and employ 3,700 people.

PE Hub identified Stryten Energy as backed by Atlas Holdings and C&D Trojan Battery as backed by KPS. Stryten announced the agreement and said the deal would bring together one of the sector’s broadest collections of lead- and lithium-based energy storage technologies.

A definitive agreement sets out the binding terms under which a buyer and seller intend to complete a transaction. Stryten did not provide additional transaction economics in the announcement cited by PE Hub, and the report did not include a purchase price.

The combination would expand Stryten’s manufacturing footprint at a time when industrial users, grid operators and other critical markets are placing greater emphasis on storage capacity and supply-chain resilience. Stryten said the enlarged company would be positioned to support global battery manufacturing and deliver storage products across markets it described as critical.

Scale across battery chemistries

The proposed acquisition joins businesses associated with both lead and lithium energy storage. Those chemistries are used in different parts of the storage market, and a portfolio that includes both can allow a manufacturer to serve a wider range of customer requirements. Stryten characterized the combined offering as among the most comprehensive in the industry.

The footprint disclosed by Stryten is concentrated in U.S. manufacturing and components. The company said the post-transaction organization would operate 15 facilities across the country, giving the buyer a broader operating base for battery production and related inputs.

For private equity investors, the transaction links two sponsor-backed battery assets in an industrial subsector tied to electrification, backup power and broader energy infrastructure. Atlas Holdings is associated with Stryten, while KPS is associated with C&D Trojan Battery, according to PE Hub.

Stryten framed the acquisition as a way to form a scaled platform rather than as a single-product expansion. The company said the enlarged organization would advance battery manufacturing globally while supplying energy storage products to key end markets.

The announcement did not provide further detail on management structure, integration plans or financing terms. The companies’ next step is to proceed under the definitive agreement announced by Stryten.

This story draws on original reporting from PE Hub.