Silver Point Leads $650M Loan for Stryten's C&D Trojan Buyout
Greenwich, Conn. – October 07, 2026 -- Silver Point Capital's Direct Lending business has led a $650 million term loan financing to support Stryten Energy LLC's acquisition of C&D Technologies, Inc. and Trojan Battery Company, LLC, creating a combined battery manufacturing platform operating 18 facilities across the United States, Mexico and China.
Stryten completed the C&D Trojan acquisition on October 1, 2026
The deal brings together Stryten's existing energy storage business with C&D Technologies' stationary batteries, used in data center, telecom, utility and government standby power applications, and Trojan's specialty motive batteries, which power golf carts, low-speed electric vehicles, aerial lifts, floorcare machines, RVs and boats. Stryten is a portfolio company of Atlas Holdings, while C&D Trojan was previously owned by KPS Capital Partners.