Advanced Drainage (WMS) news

Stormtrap valued at ~$530M in sale to ADS

Stormtrap, a provider of stormwater management solutions, has been acquired by Advanced Drainage Systems (ADS) in a deal valued at approximately $530 million. The acquisition aligns with ADS’s strategy to expand its portfolio of water management technologies and strengthen its position in the…

PSP Capital sells Stormtrap to Advanced Drainage Systems

Advanced Drainage Systems, Inc. (ADS) has announced an agreement to acquire StormTrap from PSP Capital for approximately $530 million . This acquisition is expected to enhance ADS's market presence in a strategically significant segment of the drainage and stormwater management industry. StormTrap,…

Advanced Drainage Systems: Oppenheimer cuts target price to $185 from $190

Oppenheimer & Co. has revised its price target for Advanced Drainage Systems (ADSM), lowering it to $185 from $190, according to a recent analyst note. The adjustment reflects a reassessment of the company’s near-term outlook amid evolving market conditions and valuation expectations. The firm…

Advanced Drainage Systems Inc: Transaction is expected to be accretive to adjusted EPS in the first year

Advanced Drainage Systems: Acquisition of Stormtrap Investments from PSP Capital for $530 mln, or $450 mln adj for tax benefits

Advanced Drainage Systems, Inc. (ADS) has announced the acquisition of Stormtrap Investments from PSP Capital for a total consideration of $530 million, or $450 million after adjustments for tax benefits. The transaction marks a strategic expansion for ADS, which specializes in engineered…