ALPHARETTA: Stryten Energy LLC has agreed to acquire C&D Technologies, Inc. and Trojan Battery Company, LLC — together known as C&D Trojan — in a deal aimed at building one of the most comprehensive energy storage platforms in the industry.
The two companies announced the signed definitive agreement today, framing the combination as a way to scale up global battery manufacturing and broaden their reach across critical energy markets.
Financial terms of the deal were not disclosed. The transaction is expected to close in the third quarter of 2026, pending customary closing conditions and regulatory approvals. Once complete, the combined company will continue under the leadership of Stryten’s current CEO and President, Mike Judd.
A Broader Portfolio, Built for Critical Markets
The merger brings together two companies with deep, complementary histories in battery technology. Together, they will offer a wide-ranging lineup of lead- and lithium-based energy storage products spanning several major sectors:
- Transportation — automotive, trucking, heavy-duty vehicles, lawn & garden equipment, marine, low-speed EVs, RVs, and more
- Essential Power — AI and data centers, uninterruptible power supply (UPS) systems, telecommunications, utilities, nuclear, and grid infrastructure
- Industrial — material handling, mining, railway, floor care, and aerial work platforms
- Military and Government — tactical vehicles, missile defense systems, submarines, logistics, and other mission-critical infrastructure
Judd said the addition of C&D Trojan strengthens Stryten’s ability to deliver a complete energy storage portfolio, positioning the combined business to respond more nimbly to shifting energy demands. Rick Heller, President and CEO of C&D Trojan, echoed that sentiment, pointing to the two organizations’ shared focus on innovation and manufacturing excellence as a foundation for expanding their combined solutions portfolio.
Strengthening U.S. Manufacturing Capacity
Beyond the product lineup, the deal has a significant domestic manufacturing angle. Once the transaction closes, Stryten will operate 15 battery manufacturing and component facilities across the United States, employing roughly 3,700 people. That expanded footprint is expected to reinforce Stryten’s vertically integrated supply chain and boost its capacity to produce energy storage solutions at scale.
Part of that expansion includes growing Absorbent Glass Mat (AGM) battery production, aimed at meeting rising demand for advanced lead batteries used in hybrid and start-stop vehicles, as well as backup power for data centers and telecom networks.
The companies also pointed to the deal’s implications for national security-related work, noting that the larger, more capable manufacturing base should help Stryten expand its support for U.S. Department of War programs and other mission-critical infrastructure projects requiring domestically produced, high-security battery solutions.
Deal Backing and Advisors
Stryten Energy is a portfolio company of Atlas Holdings LLC, while C&D Trojan is backed by KPS Capital Partners, LP. Paul Hastings LLP is advising Atlas and Stryten on the legal side, with Jefferies acting as sole financial advisor. Paul, Weiss, Rifkind, Wharton & Garrison LLP is representing KPS and C&D Trojan.
About the Companies
Stryten Energy, headquartered in Alpharetta, Georgia, provides energy storage solutions across the Essential Power, Motive Power, Transportation, and Military and Government sectors. Its product lines include advanced lead, lithium, and vanadium redox flow batteries, along with intelligent chargers and energy management software. The company traces its roots back more than a century in the battery industry.
C&D Trojan, headquartered in Horsham, Pennsylvania, brings together C&D Technologies’ stationary batteries — widely used in data centers, telecom, utilities, and other standby power applications — with Trojan Battery Company’s specialty motive products, sold under the well-known Trojan brand for golf carts, low-speed EVs, aerial lifts, floor care equipment, RVs, and boats. Combined, the two brands represent more than 200 years of experience in deep-cycle battery technology, with manufacturing operations in the U.S., Mexico, and China, plus R&D facilities in the U.S. and offices across Europe and Asia.
