M&A Deal Summary

Atlas Holdings Acquires Stryten Energy

On August 25, 2020, private equity firm Atlas Holdings acquired electrical equipment company Stryten Energy from Exide Technologies

Acquisition Highlights
  • This is Atlas Holdings’ 1st transaction in the Electrical Equipment sector.
  • This is Atlas Holdings’ 24th transaction in the United States.
  • This is Atlas Holdings’ 4th transaction in Georgia.

M&A Deal Summary

Date 2020-08-25
Target Stryten Energy
Sector Electrical Equipment
Buyer(s) Atlas Holdings
Sellers(s) Exide Technologies
Deal Type Divestiture

Target

Stryten Energy

Alpharetta, Georgia, United States
Stryten Energy is a manufacturer of energy storage and power solutions serving transportation, industrial, and stationary applications. The Company designs and produces advanced lead, lithium, and vanadium battery systems used in motive power, network infrastructure, and renewable energy storage. Stryten Energy is headquartered in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 29 of 40
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 10 of 14
State: Georgia M&A 4 of 4
Country: United States M&A 24 of 32
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Permasteelisa

Vittorio Veneto, Italy

Permasteelisa is a global engineering and construction company specializing in the design, manufacture, and installation of architectural envelopes. The Company provides curtain wall, façade, and interior systems for commercial buildings, collaborating with architects and developers worldwide. Permasteelisa was founded in 1973 and is headquartered in Vittorio Veneto, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Novipax

Oak Brook, Illinois, United States

Novipax is a producer of absorbent pads and among the top manufacturers of expanded polystyrene (EPS) foam trays in the United States. Novipax operates five manufacturing facilities serving food processors, supermarkets, and food packaging distributors. Its facilities are located in Indianapolis, Indiana; Paxinos and Reading, Pennsylvania; Rockingham, North Carolina; and Grenada, Mississippi. Novipax was formed in 2015 and is based in Oak Brook, Illinois.

Sell -

Seller(S) 1

SELLER

Exide Technologies

Milton, Georgia, United States

Category Company
Founded 1888
Sector Electrical Equipment
Employees8,986
Revenue 2.9B TRY (2014)
DESCRIPTION

Exide Technologies is a provider of stored electrical energy solutions batteries and associated equipment and services for transportation and industrial markets.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-29 GNB Technologies Group

Atlanta,, Georgia, United States

GNB Technologies Group manufacturing industrial and transportation batteries, supplied approximately 20 percent of the industrial batteries sold in North America for both motive and network power applications.

Buy -