ADS to Acquire StormTrap From PSP Capital
Advanced Drainage Systems, Inc. has entered into a definitive agreement to acquire StormTrap Investments LLC from PSP Capital.
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10:45:32 AM UTC
SquawkNews
Advanced Drainage Systems entered a definitive deal to acquire StormTrap for approximately $530M, or ~$450M net of expected tax benefits. ADS expects first-year adjusted EPS accretion; closing is targeted for Q4 2026, subject to customary approvals.Material DetailsContext by AI AnalystThis extends…
11:03:30 AM UTC
SquawkNews
Advanced Drainage Systems entered into a Securities Purchase Agreement to acquire StormTrap, a provider of large-volume, engineered stormwater solutions, for approximately $530 million, or about $450 million net of expected tax benefits. The purchase will be funded with cash on hand and the company…
Advanced Drainage Systems, Inc. (NYSE:WMS) said it has entered into a definitive agreement to acquire StormTrap Investments LLC, known as StormTrap.