PSP Capital Announces Sale of StormTrap to Advanced Drainage Systems
Business Wire•13/10/2026•13:23 ET
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Key Highlights
- ➤StormTrap sale to Advanced Drainage Systems values the business at approximately $530 million
- ➤StormTrap more than doubled revenue and earnings during PSP Capital’s ownership
- ➤StormTrap added more than 60 employees and completed a strategic tuck-in acquisition
- ➤Transaction expected to close in coming months, pending customary regulatory approvals
Expert Statements
Don Traubert, Managing Director with PSP Capital
“We are so fortunate to have partnered with CEO Nate Olds and the outstanding StormTrap leadership team. They have a deep passion for stormwater management that resonated from our first meeting. Over the past 5 years, StormTrap executed a thoughtful strategic growth plan that has reinforced its position as an industry leader and innovator. We are excited to see the business continue its strong trajectory under ADS' ownership.”
Nate Olds, CEO of StormTrap
“From our first interaction, the PSP Capital team demonstrated an understanding of our business and embraced our long-term vision for growth. Together we invested in our people and organization, driving innovation and bolstering our leading market position. Our partnership with PSP Capital was highly collaborative and impactful, and we are well-positioned for this next chapter.”
PSP Capital Announces Sale of StormTrap to Advanced Drainage Systems
PSP Capital, a global private investment firm founded by its Chairman, Penny Pritzker, announced that it has entered into a definitive agreement to sell StormTrap, a leading provider of stormwater management systems and water quality solutions, to Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS"), a global leader in innovative water management solutions.
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