Trojan Battery Company, a leading manufacturer of deep-cycle energy storage solutions, has announced that its current majority owner, an affiliate of Charlesbank Capital Partners, has reached an agreement with C&D Technologies, a portfolio company of KPS Capital Partners, for C&D Technologies to acquire Trojan.
This acquisition will combine two leading battery manufacturers with complementary product portfolios to create one of the largest energy storage providers with over $1 billion of revenue, eight manufacturing facilities and a presence in every major region.
“Trojan Battery is an industry leader with a great heritage and an amazing team of employees,” said Neil Thomas, president and CEO of Trojan Battery. “I’m excited about the agreement with C&D and believe that it will secure the company’s future and position it for even greater success in the years ahead.”
The Godber family started Trojan Battery in 1925 and built it into one of the leading deep-cycle battery manufacturers in the world. “I am enthusiastic about the transaction that is taking place with KPS and C&D,” said Rick Godber, chairman of the board. “Although this will end 93 years of ownership in Trojan for the Godber family, we all look forward to watching the continued growth and success of the brand and its legacy.”