Advanced Drainage Systems Agrees to Buy StormTrap for $530 Million - FINCHANNEL

Plastic Pipe Maker ADS Buys StormTrap

Corrugated plastic pipe maker Advanced Drainage Systems Inc. (ADS) has acquired StormTrap Investments LLC, which designs, engineers, and licenses production of large volume, underground precast concrete structures to contain stormwater runoff ahead of sewer release, for a purchase price of approximately US$530 million. “This acquisition adds highly complementary stormwater storage products and solutions to our comprehensive portfolio, increasing…

Advanced Drainage Systems Agrees to Buy StormTrap for $530 Million - FINCHANNEL

Advanced Drainage Systems Agrees to Buy StormTrap for $530 Million

Plastic pipe top gun Advanced Drainage Systems captures StormTrap  – Concrete Products

Sources: Advanced Drainage Systems Inc., Hilliard, Ohio; CP staff Corrugated plastic pipe leader Advanced Drainage Systems has entered a definitive agreement to acquire StormTrap Investments LLC, which designs, engineers and licenses production of large volume, underground precast concrete structures to contain stormwater runoff ahead of sewer release. A $450 million deal with PSP Capital, a Chicago-based investor led by former…

ADS to acquire StormTrap for approximately $530 million

Advanced Drainage Systems (ADS) is set to acquire StormTrap Investments for approximately $530 million.

Hilliard-based Advanced Drainage Systems, Inc. has entered into a definitive agreement to acquire StormTrap Investments LLC for a purchase price of approximately $530 million.

Advanced Drainage Systems Announces Acquisition of StormTrap ...