Add-on Acquisition • Electrical Equipment

C&D Technologies Acquires Trojan Battery Co.

On November 6, 2018, C&D Technologies acquired electrical equipment company Trojan Battery Co. from Charlesbank Capital Partners

Acquisition Context
  • This is C&D Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is C&D Technologies’ 1st transaction in the United States.
  • This is C&D Technologies’ 1st transaction in California.

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M&A Deal Summary

Date November 6, 2018
Target Trojan Battery Co.
Sector Electrical Equipment
Buyer(s) C&D Technologies
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Goodwin Procter (Legal)

Target Company

Trojan Battery Co.

Santa Fe Springs, California, United States
Trojan Battery Co. is a manufacturer of deep-cycle batteries that are built on deep-cycle technology and designed to meet the complex requirements of today’s advancing applications for renewable energy, golf, heavy-duty truck, aerial/scissor lift,floor machine, RV and marine.
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Buyer Overview 1

Buyer

C&D Technologies

Horsham, Pennsylvania, United States

Category Company
Founded 1906
Sector Electrical Equipment
Employees1,400
DESCRIPTION

C&D Technologies manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power. The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets. C&D consistently creates innovative products and processes that improve performance and increase long term value for its customers. C&D Technologies was founded in 1906 and is based in Horsham, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1

Seller Profile 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


Deal Context for Seller #
Overall 43 of 52
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 15 of 18
State: California 4 of 5
Country: United States 39 of 48
Year: 2018 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Plaskolite

Columbus, Ohio, United States

Plaskolite is a provider of transparent thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base including distributors, OEMs, and retailers. Plaskolite was established in 1950 and is based in Columbus, Ohio.

Sell -