Advanced Drainage Systems to Acquire StormTrap Investments in $530 Million Deal
Advanced Drainage Systems (WMS:NYSE) has agreed to acquire StormTrap Investments from PSP Capital for approximately $530 million. The deal, which expands ADS's stormwater management portfolio into large-volume storage solutions, is valued at around $450 million after adjusting for the present value of expected tax benefits. The acquisition aligns with Advanced Drainage Systems' strategy to broaden its offerings in infrastructure and water management markets. StormTrap Investments brings expertise in high-capacity underground storage systems that complement ADS's existing product lines. The transaction is expected to enhance ADS’s market position by diversifying into new applications for stormwater control. The deal reflects growing demand for advanced drainage solutions amid increasing climate-related challenges, such as urban flooding and water runoff management.
Tickers: $WMS