Advanced Drainage Systems Closes Acquisition of StormTrap Investments LLC From PSP Capital
Key Highlights
- ➤ADS (WMS) completed its acquisition of StormTrap Investments LLC from PSP Capital
- ➤StormTrap expands ADS’ stormwater storage offerings in large-volume, space-constrained applications
- ➤Acquisition creates cross-selling opportunities and broadens ADS’ addressable market
- ➤ADS expects long-term value from StormTrap integration and increased exposure to stormwater growth
Expert Statements
Scott Barbour, Chief Executive Officer and President of Advanced Drainage Systems
“We are excited to officially close this transaction and welcome StormTrap to the ADS family,”
Scott Barbour, Chief Executive Officer and President of Advanced Drainage Systems
“This transaction builds on the progress we have made transforming ADS into a more diversified water solutions business with an enhanced product portfolio that we bring to customers across the water value chain.”
Scott Barbour, Chief Executive Officer and President of Advanced Drainage Systems
“With our disciplined approach to integration and capital allocation, we believe this acquisition positions us well to create long-term value and advance our strategy and exposure in an attractive, growing segment of the market.”
Advanced Drainage Systems Closes Acquisition of StormTrap Investments LLC From PSP Capital
Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries today announced that it has completed the previously disclosed acquisition of StormTrap Investments LLC (“StormTrap”), an industry leader in large volume, space-constrained, highly engineered stormwater solutions.
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