Battery storage maker gains new investor

Charlesbank Capital Partners invested in California-based Trojan Battery Co., a maker of deep-cycle lead acid batteries used for energy storage. The amount of the deal was undisclosed.

The transaction is the first outside equity for the company, which has been owned by the Godber family since its founding in 1925. The family will maintain a significant ownership stake in Trojan. Houlihan Lokey served as financial advisor to Trojan Battery and Vetus Partners was due diligence advisor to Charlesbank.

Trojan’s batteries are manufactured in facilities in California and Georgia and are sold in more than 120 countries.

Read more financial news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...