Advanced Drainage Systems to Acquire StormTrap for Approximately $530 Million

Advanced Drainage Systems, Inc. (WMS) has entered into a definitive agreement to acquire StormTrap Investments, L.L.C., a leader in engineered stormwater solutions. The transaction aims to expand WMS's capabilities in large-volume, space-constrained stormwater management systems.

Key Details

• Purchase Price: The total consideration is approximately $530 million, or approximately $450 million when adjusted for the present value of expected tax benefits.
• Agreement Date: The Securities Purchase Agreement was signed on October 1, 2026.
• Funding: The acquisition will be funded using a combination of cash on hand and funds from the company's existing credit facility.
• Closing Conditions: The transaction is subject to customary closing conditions, including the receipt of required antitrust approvals.